Succession readiness check

I have decided to hand over the business in the next few years.

I have a point in time in mind when I want to step back.

I know what I want to do after the handover.

Someone could run day-to-day operations without me.

Key employees would likely stay after a change of owner.

Know-how and routines are shared by several people.

Key customers also deal with others in the team, not only me.

Routines, prices and costing are written down.

The business would keep running for two months without me.

Financial statements for the last three years are complete.

Personal and business expenses are clearly separated.

Lease, leasing and customer contracts are organized and easy to find.

I roughly know what my business is worth and how that value comes about.

The business makes a stable profit, even after a market salary for a manager.

Revenue and order books have been stable or growing over three years.

It's clear whether someone in the family wants to take over.

I have an idea of who could be a successor.

My tax advisor and lawyer are informed or involved.