Congratulations! You’re Entering the Exciting Succession Planning Phase of Your Business! You've dedicated time and effort to build your business, and now it's time to plan for the next chapter—whether that means stepping back from daily operations, strategizing your exit, or preparing for a transition. This is a momentous time, and we're here to support you every step of the way!

Depending on your unique situation, we offer some fantastic options to help you navigate this phase:

• 1:1 Consultations: If you’re ready to dive deeper into scenario planning and explore your options in a personalized way, reach out to your home office for a one-on-one consultation. This is your chance to ask specific questions and gain tailored insights that can make a real difference for your business. You can easily find the contact information for your Center here.
• Strategic Planning Course – Power Forward: Interested in crafting a robust strategic plan? Consider enrolling in our 13-session course, Power Forward. This is a fantastic opportunity to develop your vision and lay down a roadmap for your business’s future.
• Join our online CWE Community Hub: Being a business owner can feel isolating at times, but you don't have to go it alone! Join our online CWE Community Hub to connect with fellow entrepreneurs who share your joys and challenges. Here, you can ask questions, share experiences, and find invaluable support. Click this link to sign up, and we’ll send you an invitation to join our online Hub.

Your next steps will likely look like....

• As you move forward, think through what you envision for your exit strategy—whether it’s selling to employees, finding an outside buyer, liquidating, passing the business to family, or transitioning responsibilities to your team[MM1] [MR2] . What is this business worth to you? What dollar amount, conditions of sale, etc., would make it worth it to you to sell?
• Explore Business Valuation: Talk to your accountant, lawyer, or a business valuation expert. While CWE doesn't provide this service, we can recommend trusted consultants who can guide you.
• Develop a Succession Plan: Outline a clear plan for your business’s future, including important documents like an employee handbook.
• Communicate with Your Team: Make sure everyone—your bookkeeper, accountant, insurance agent, and lawyer—understands your intentions.
• You’ve made it this far, and we’re excited to help you plot the course for what’s next. You can find your Center’s contact information here. Let’s make this transition as smooth and successful as possible!