10 Questions Every Business Owner Should Ask

10 Questions Every Business Owner Should Ask

  1.  How do you see your involvement in your business changing or evolving in the future?
  2. What’s your next great adventure after you leave your business
  3. Which obstacles do you think could derail your business or personal goals in the coming years?
  4. What role does your business need to play in helping you achieve financial freedom?
  5. What is your plan for your ownership interest in your business? Do you plan to pass ownership along or arrange for a sale some day?
  6. Which method or methods have you used to assess the value of your business, and how confident are you in that process?
  7. Given your buyer (or successor) plans, have you thought about who the best leader for your business might be?
  8. What do you think will happen to your customers, your vendors, your employees, and your competitors if something happens to you?
  9. Which planning suggestions have other business advisors given you to prepare for the future ownership of your business?
  10. What do you see as your greatest challenge when you think about planning for the future?

 

If you want to learn more about questions you should be asking about your business, schedule a meeting with us today.

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