Module 3: Where do I start?

Download Your Workbook

Click to download your workbook before you start the lessons

Plans are designed to take you from point A to point B. Therefore, we start by looking at point A.

Key Points

  • Your Master Plan is significantly affected by your current situation. You should evaluate:
    • Your business health
    • Your personal readiness
    • Risks that can discount the value of your business
  • Risks can be assessed by the likelihood they'll occur, and their consequences if they do happen.
  • The Master Plan incorporates risk management in every category.

Download the workbook for Module 3

You can use the workbook to take notes, and it also includes some assignments.

What do you have to start with?

Watch this video to see what you need to evaluate when defining your starting situation.

Key Takeaways

  • The Master Plan begins by assessing your business, personal readiness, and potential risks.
  • Many risks, if they occur, will reduce the value of your business.
  • You can evaluate the likelihood and consequences of the risks you might encounter.
  • Risk management and contingency plans should be part of all your plans and preparation.

Next Steps

  • If you haven't yet, please download the workbook for Module 3.
  • Looks like you're prepared to get started with an evaluation of your "Point A!"
  • Move to the next lesson to expand your knowledge of arguments buyers use to discount the value of your business.