“Do the best that you can until you know better, then when you know better, do better.”
Maya Angelou
Ready for Next has an extensive collection of online education, resources and tools available for anyone who wants to expand their toolbox. Check out a sample of our collection below.
Ready for Next’s Spotlight Assessment
Does your business have a value gap? The Spotlight Assessment will help you uncover the major hurdles within your business that may be holding back your company’s growth potential. Ready for Next is now offering the Spotlight Assessment for FREE.
Learn your business’s current range of value, the current value gap and how to unlock potential. You will also discover how your business stacks up to comparable businesses plus where there may be risks in your business that if addressed, will improve value.
FREE Solutions with Immediate Benefits
How do you know the difference between value and price?
Understanding the difference between value and price is essential for business owners and investors alike. When preparing a business for sale or investment, owners should focus on enhancing value with strategic improvements and solid financial performance.
How is risk impacting my value drivers?
Who knows what tomorrow holds. With so much uncertainty in the business environment, contingency planning allows you to pre-plan in the event you need to pivot quickly. Knowing your back-up plan before it is needed helps you and your team be more resilient and stay ahead of your competition.
Owner Readiness Hub
Ready for Next understands the time constraints of business ownership.
Our Owner Readiness Hub is full of solutions to maximize your efficiency and impact.
We champion continuous improvement, believing that small, consistent steps drive significant, lasting results.
log in to Owner’s hub
Solutions Worth Investing In
What does achieving goals look like for you and your business? For many, goals are not formalized and so understanding if you are achieving them is difficult to do. Ready for Next can help you identify, clarify and prioritize your personal and business goals. This is even more important if you have a partnership.
Gain a comprehensive understanding of business transition options to maximize your chances of success. The more you know today, the easier you will make the life of “future you.” This self-paced program is just what you need.
Who knows what tomorrow holds. With so much uncertainty in the business environment, contingency planning allows you to pre-plan in the event you need to pivot quickly. Knowing your back-up plan before it is needed helps you and your team be more resilient and stay ahead of your competition.
Case Studies
Using Transition Design to Enhance Multigenerational Family Goals
A third-generation family-owned heavy equipment dealer/distributor retains RFN to design a transition plan for the four sibling shareholders, who range in age from 62 to 78. For 10 years, the brothers made attempts to work out an acceptable plan, without success. The need for a plan has become more urgent as two of the brothers are in their 70’s, causing them to reconsider their personal financial exposures and a desire to pursue other interests.
International Industrial Contract Manufacturing Company
Two 50/50 owners of a fast-growing second-generation family business want to exit in three to five years. The current valuation of the company, based on industry benchmarked EBITDA multiples is $12-14 million, but the current risk profile of the company makes it an unlikely candidate for sale to a third-party on favorable terms. The target exit value, after tax, is $30 million. The challenge is to triple enterprise value within five years while dramatically increasing the probability of transfer.
Industrial Flow Controls Software
A brother and sister co-founded a growing flow controls software company 12 years ago. Both are in their mid-40’s. The brother is embarking on a divorce and owns 51% of the S-corporation shares, for voting they treat their equity as equal. Despite the brother and sister treating their equity as equal, indicating a close partnership, they often have differing views on decision-making. The current valuation of the company, based on industry benchmarked EBITDA multiples for profitable publicly traded SaaS companies, is about $220 million but they have not had a formal independent valuation.
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