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Transition Process


CW Transitions Process

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Transition audit

This is step one in our process as we determine how prepared you are to exit your business today. What are your top priorities when leaving your business? Where is your business worth today? When do you want to step away completely from your business? What do you need your business to be worth in order for you to exit in a way that enables you to live your retirement in the comfort and lifestyle you’ve worked so hard to envision? What role do your key employees play in your eventual transition? What responsibility do you feel towards your rank and file employees? How important is culture in your company? How important is maintaining that culture for your employees after your exit?

After we complete the Transition Audit Phase, you will understand exactly what your company is currently worth (for planning purposes), how much you need your business to be worth at your desired transition date, and what priorities are driving your transition design moving forward.

transition design and implementation

This is the phase that takes the most time and also the most collaboration. We introduce you to a creative environment where we develop solutions to meet your transition needs. Here we organize and prioritize your most important projects among your transitions planning team (CW Transitions, CPA, Attorney, other Attorney, other Attorney, Insurance Professional, etc). As we conclude this phase, you will have established strategies and tasks will have been assigned and set in motion to begin working towards the desired transition date.

Recognizing that there are longer term objectives at play in any transition and succession, this phase will be revisited where necessary (i.e. management team development and coaching).



transition maintenance

After your most pressing needs have been identified, strategized and implemented, we enter our third and final phase of your transition - the maintenance phase. Just as it sounds, this phase is designed to provide the flexibility and the ability to adapt to a changing environment. Remember, the rest of the world doesn’t pause because you are transitioning out of your business. So, tax law changes, market swings, M&A trends and the like all occur right alongside your transition. We are there with you every step of the way to review what changes are occuring and to address them proactively with you. This can also include changes in you (the owners) emotions, feelings, business opportunities, family dynamics, etc.