Adding Value to your Business is a Critical Step to Owner Readiness
That requires a process. A process is a defined and ordered set of activities. Whether it is defined in terms of sequential outcomes or specific actions to be performed (a distinction to be discussed later) is not important. The relevant point is that a process assigns roles and responsibilities to people or units and defines the information flows between them. A process ensures that everyone knows what they are expected to do and how what they do integrates with what others do. The alternative to having a defined process is to have no means by which to differentiate essential activities from non-essential ones. Without processes, activities are done chaotically and randomly. Clearly, this is not productive, nor is it what the opponents of corporate process are arguing for. Even still, having value acceleration is that much more important for your organization.
Being involved in the Minneapolis Chapter of the Exit Planning Institute, I am intimately involved with their process of value acceleration. According to them, the process is broken down as follows:
The EPI Value Acceleration Methodology™ is the overall process taught in the Certified Exit Planning Advisor (CEPA) Program. The Methodology creates a Master Plan for the business owner which integrates business, personal, and financial goals into their exit strategy. This process consists of three major components, referred to as the “three legs of the stool”: 1) Maximizing Business Value 2) Personal Financial Planning, and 3) Life After Business Planning. The process teaches that exit strategy is business strategy. It is about building, harvesting, and preserving family wealth for generations to come; and integrating best-in-class business practices into daily operations. The Methodology focuses on enterprise value and is a revenue producing model for professional advisors. It is also being adopted as industry-wide best practice by many leading organizations and has been featured on international platforms.
The Value Acceleration Process is complex.
As an exit planning team at KeyeStrategies, we are committed to your success. Maximizing value as a member of EPI means we are part of a system, or group of interconnected disciplines formed by the interaction of a collaborative, like-minded community of professional advisors with a common goal to grow, preserve and transition wealth for business owners.
After years of researching, studying, getting certified and licensing, we’ve dove head first into a technique that works for business value maximization. This is a model program that helps you measure actual value based on defined drivers. Now you can receive tangible results in the form of scores (through statistically proven techniques from metrics gathered from over 18,000 businesses). We have the tools and exercises that will keep you focused on driving value from a strategic level. No longer will your leadership team guess at what might be valuable or assume that ROI is either met or not met.
KeyeStrategies wants to help with your Value Acceleration.
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