Every entrepreneur someday becomes what we like to call an “outrapreneur” — that time when they set their sights on life after owning their business. Most entrepreneurs, early in their careers, allow themselves a few moments here and there to envision a future where they finally hand over the keys and get a nice fat check in return. Ideally that check is the reward for the years of hard work and sacrifice required in building the business into what it became at the time of transfer.

Chances are, after reading that first paragraph, you’re fantasizing just how big that check might be. But wait, there are other questions outrapreneurs need to consider as well. Exit planning isn’t simply a transaction like you may have been lead to believe from advisors over the years. You need to ask yourself, Am I leaving this business on my terms? and Am I transitioning to a worthy successor?

Each of those questions might bring on various degrees of anxiety depending on your business’ transferable value.

At Q5, we are entrepreneurs leading entrepreneurs towards a successful business transition where all stakeholders benefit.