What is the common goal of the team in the context of exit planning?

In the context of exit planning, the common goal of the team is to facilitate the owner in executing the Triggering Event. This event is crucial as it signifies the transition point where an owner decides to move forward with the exit process, whether that be selling the business, transferring ownership, or any other planned exit strategy. The successful execution of this event relies on thorough preparation, leveraging the expertise of the exit planning team, and aligning the owner's vision with actionable steps to achieve a successful transition.

This focus on the Triggering Event ensures that the team works cohesively toward a shared objective, creating a streamlined process that addresses the various facets of exit planning. It emphasizes the importance of understanding the owner’s goals and developing a tailored approach that leads to the effective realization of the exit strategy.