Certified Business Exit Consultant® (CBEC®) Credentialing Program
Co-Sponsored by The International Exit Planning Association (IEPA)
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The CBEC training is designed to both educate and put advisors in the business of exit planning for privately held business owners. This program utilizes a proprietary, six-step exit planning process that is applicable to any financial analysts advising business owners. This six-step process has stood the test of time, resulting in simplifying a complex process to help advisors more consistently and more effectively communicate with owners on this critical topic of discussion and formal engagement.
Exit planning is a simple concept: it is the idea that a business owner, a few years before they want to sell or transfer their business to someone else, will do some planning around this critically important event. Owners should know and make plans around issues such as:
- The value of their business
- Getting the conversation started and measuring the owner’s readiness for an exit
- Who would likely want to own their business
- When they might expect to get paid for the business and whether that is enough money
- Critical issues and strategies to achieve a successful exit
Many of these owners are your existing and valuable customers who are looking to you, as their primary advisor, to assist them with this important need.
As a professional advisor, you are perfectly positioned to deliver these planning-based solutions into your existing and prospective business owner relationships, yielding you a profitable and enjoyable stream of income for your own business or practice.
Adding exit planning to your practice also gives you greater visibility, access to, and standing with a growing network of other professional advisors who are active in the business owner exit planning space. Many of these advisors have owner relationships and want to partner with you to help service the owner’s comprehensive needs in the exit planning process.
The CBEC Difference
Advisors choose to achieve the CBEC designation when they are ready to go beyond education. Due to the experience requirements to hold this standard, those who earn CBEC get to sit at a table among their exit planning practitioner peers (with deep experience, active projects, and growth mindset) and collaborate with like-minded people who are passionate about solving owner problems as they approach a business exit that creates and monetizes their illiquid business wealth.
It takes more than knowledge to earn the Certified Business Exit Consultant (CBEC) designation. It is reserved for (and exclusively offered to) those who do exit planning work for business owners versus those who only seek to understand exit planning conceptually. Every CBEC has 10+ years of proven experience helping business owners, passed the proctored exam, and submitted a written exit plan within one year of completing the coursework, and was peer reviewed by the IEPA Leadership Council (a formal group of industry leaders, experienced exit planners, and exited business owners).
How to Achieve CBEC
The CBEC proctored exam is offered four times a year during the two-day CBEC Executive Bootcamp: day one is the final CBEC review session and practical approach workshop; day two is the CBEC proctored exam administration.
Once the exam requirement is met, the final step to achieving the CBEC designation is submitting a written exit plan that meets the standard of quality expected from all designee holders. To support candidates who are writing an exit plan for the first time (or those who are interested in how others are doing it), you can access the online course, “How to Write an Effective Exit Plan,” and use the plan creation tools included in your IEPA licensed membership.
The Virtual CBEC Executive Study Group For Candidates
To support CBEC candidates in earning the designation (and integrating what they have learned into their practice with confidence), IEPA hosts six CBEC Executive Study Group sessions (90 minutes each Wednesday for six weeks via Zoom).
These game changing sessions are led by John Leonetti, CEO of IEPA, head faculty at IEPA, author of Exiting Your Business, Protecting Your Wealth, and creator of the Six-Step Exit Planning Process; along with many other active exit planners and industry leaders who will review the coursework, run drills on sample test questions, give guidance on completing the written exit plan, plus offer “how to” perspective on how to integrate (and commercialize) your exit planning expertise.
How You Will Benefit
After completing this course, attendees will be able to:
- Demonstrate an understanding of the “middle marketplace” of business owners at a higher level than 99% of other advisors and consultants
- Describe their value proposition to an owner to assist with their exit planning, as well as position themselves for the execution of that planning
- Integrate and advance the “core” training as they learn the key components of exit planning at a deeper level
- Apply the materials to help assure their success after the course
- Illustrate to business owners exit planning and execution work
Six-Week CBEC Study Group Agenda:
- Week 1: “Developing a Capital Markets Perspective”—How to understand and communicate current private capital market conditions
- Week 2: “Develop an Exit Planning Perspective when Engaging a Business Owner”—Assessing owner needs and goals, measuring readiness, and identifying any value gap
- Week 3: “Develop a Perspective on Valuation and Value Growth”—Understanding and applying valuation concepts including concepts around a business owner increasing the transferable value of the company
- Week 4: “Develop a Perspective on External Transfers”—Gaining a comfort level with the business sale process. Applying the external exit option strategies that align with owner goals.
- Week 5: “Develop a Perspective on Internal Transfers”—Understanding how and where internal transfers are the optimal exit option. How to apply internal exit option strategies that align with owner goals.
- Week 6: “Going to Market, Building Your Advisory Practice”—Exit plan delivery and execution. Pro tips and best practices, including a practitioner panel discussion and question and answer session.
The Twelve Domains of the CBEC Course
- Domain #1: Exit Planning Marketplace, Owner Needs, Advisor Goals, and Resources
- Domain #2: The Lower Middle Market/Private Capital Markets
- Domain #3: Understanding, Assessing, and Engaging the Owner
- Domain #4: Readiness of the Owner, Company and Market—Value Gaps
- Domain #5: Understanding the Corporate Entity
- Domain #6: Valuation and the Range of Values
- Domain #7: Business Value Growth Planning and Execution
- Domain #8: Exit Options—External Transfers
- Domain #9: Exit Options—Internal Transfers
- Domain #10: Deal Structuring, Taxes, Legal Agreements, Estate Planning
- Domain #11: The Advisory Team, Finding Exit Collaboration Partners
- Domain #12: Writing and Delivering the Exit Plan
Below is the checklist of requirements to hold the Certified Business Exit Consultant (CBEC) designation:
- Complete the CBEC Candidate registration form and pay the registration fee
- Gain understanding of the core body of knowledge for exit planning and the Six-Step Exit Planning Process
- Pass the CBEC Proctored Exam
- Produce and submit a written exit plan that achieves the CBEC standard of quality
- Maintain membership in good standing and abide by ethical standards of conduct
- Attend and attest to a minimum of 10 hours of continuing education every year
- Maintain an IEPA membership or pay a designation renewal fee of $395 annually
Apply for the Certified Business Exit Consultant designation: CBEC Online Application
About the Company:
The International Exit Planning Association (IEPA) is a practitioner development organization that offers proven resources, topical education, and peer mentorship to exit planning practitioners all over the world. Our founder, John Leonetti, CBEC, CEO of IEPA, exit planner at Beacon Hill Equity Solutions, head faculty at IEPA, author of Exiting Your Business, Protecting Your Wealth, and creator of the Six-Step Exit Planning Process, has one major mission: help business owners solve problems.
Our programs and services are uniquely positioned to share best practices from active exit planning firms and practitioners from across the industry while focusing on helping advisors who want to go beyond education and implement exit planning into their firms in a way that will transform their business owner clients’ lives.
Learning for the sake of learning is good; however, if you are interested in integrating what you have learned to reach new heights as a professional, you have found the right community. We share what we know in abundance (and with the science of how humans learn top of mind) while supporting you in implementation through study groups, mentorship, and ongoing cohort peer groups who are winning exit planning engagements and driving best practices industrywide.
This program is offered to professionals who help business owners solve problems: CPA, CVA, CExP, CEPA, CM&AA, CFO, attorney, valuation analyst, exit planner, financial planner.
To register, contact Member/Client Services at (800) 677-2009 for questions or registration assistance. Registration is not included with Ultimate Training and Membership subscription.
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Spring 2024 Session
CBEC Executive Study Group: Pre-CBEC Orientation: February 14, 2024 Date: March 6, 2024–April 17, 2024 Location: Video Conference (Zoom) Sessions: Weekly; 3:30–5:00 p.m. ET CBEC Executive Bootcamp: Date: April 25–26, 2024 Location: Virtually
25% Off (Best Rate): Expires December 31, 2023 15% Off (Early Bird): Expires January 31, 2024 Registration Fee: $3,000 Summer 2024 SessionCBEC Executive Study Group: Pre-CBEC Orientation: May 15, 2024 Date: June 5, 2024–July 17, 2024 (no class week of July 4th) Location: Video Conference (Zoom) Sessions: Weekly; 3:30–5:00 p.m. ET CBEC Executive Bootcamp: Date: July 25–26, 2024 Location: Virtually
25% Off (Best Rate): Expires March 31, 2024 15% Off (Early Bird): Expires April 30, 2024 Registration Fee: $3,000 Early Fall 2024 SessionCBEC Executive Study Group: Pre-CBEC Orientation: August 14, 2024 Date: September 4, 2024–October 9, 2024 Location: Video Conference (Zoom) Sessions: Weekly; 3:30–5:00 p.m. ET CBEC Executive Bootcamp: Date: October 17–18, 2024 Location: Virtually
25% Off (Best Rate): Expires June 10, 2024 15% Off (Early Bird): Expires July 31, 2024 Registration Fee: $3,000 Late Fall 2024 SessionCBEC Executive Study Group: Pre-CBEC Orientation: October 1, 2024 Date: October 23, 2024–November 25, 2024 Location: Video Conference (Zoom) Sessions: Weekly; 3:30–5:00 p.m. ET CBEC Executive Bootcamp: Date: December 5–6, 2024 Location: Virtually
25% Off (Best Rate): Expires August 31, 2024 15% Off (Early Bird): Expires September 30, 2024 Registration Fee: $3,000 |
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| 14 Hrs CPE | $3,000 | $3,000 | |
Registration for the CBEC course includes a series of self-paced modules that cover the knowledge essential to competently and confidently lead exit planning engagements. The self-paced modules are accompanied by a series of six live, interactive study group sessions where you get access to exit planning experts and a group of peers, so you can make the leap from theory to execution.
Also included is a complimentary, one-year membership with the International Exit Planning Association (a value of $2,000) and access to everything you need to successfully launch your exit planning advisory:
• “How to Write an Effective Exit Plan” course content
• Universal Exit Plan Writing Template
• Unlimited usage of personalized owner engagement survey tools:
o Business Exit Readiness Index™
o Owner Dependence Index™
o Growth Planning Index™
• Monthly member training calls
• Course library access
• Referral and Collaboration Portal Access
• 25% discounts to IEPA conferences
** On the anniversary of your enrollment, you will have an opportunity to renew your membership.
Books Included with Registration
- Private Capital Markets: Valuation, Capitalization, and Transfer of Private Business Interests
- Middle Market Strategies: How Private Companies Use the Markets to Create Value (select chapters provided with course materials)
- Straight Talk About Planning Your Succession
- The Right Side of the Table: Where Do You Sit in the Minds of the Affluent?
- Valuation for M&A: Building and Measuring Private Company Value
- An Introduction to ESOPs Exiting Your Business, Protecting Your Wealth: A Strategic Guide for Owners and Their Advisors
- Exiting Your Business, Protecting Your Wealth: A Strategic Guide for Owners and Their Advisors
Resources:
- ‘How to Write an Exit Plan’ Course Content
- Universal Exit Plan Writing Template
- Unlimited Usage of Personalized Owner Engagement Survey Tools: Business Exit Readiness Index™, Owner Dependence Index™, and Growth Planning Index™
- Monthly Member Training Calls
- Course Library Access
- Referral and Collaboration Portal Access
- 25% Discount to IEPA Annual Conference
CPE Hours
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International Exit Planning Association (IEPA) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
Refunds and Cancelations: Cancelations received in writing two weeks prior to the first day of the training event will be eligible for a refund, less the cost of any course materials not returned to IEPA. For more information regarding refunds, complaints, and/or program cancelation policies, please contact IEPA at (781) 821-2608.
