THE EXIT PLANNING BLOG
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How Trainual Increases the Value of Businesses During Exit Planning
by Trainual on January 12, 2024
Imagine this: There’s a new gadget on the market that’s making waves. People are raving about what this thing can do, and how much potential it could have to transform the industry. It’s got a complex system, but everything seems to operate efficiently. Even better, there’s one for sale, and you’re in a prime position to buy.
There’s just one massive catch: There’s no operations manual. No written documentation of how this amazing machine works, no YouTube tutorials, and no how-to’s — you’d have to figure out how to operate it all on your own.
That means no insight into how anything operates, no clue as to what it takes to keep running smoothly, and no idea how you’ll keep this machine going if something goes wrong. When you compare all those red flags with the heavy price you’d have to pay, it seems pretty smart not to move forward with the deal, right?
Now, think of how you want to handle your exit planning strategy for your business — how do you expect to sell for the value you want without a documented guide to help the next owner?
Well fear not — that’s where Trainual comes in.
What is Trainual?
Trainual is an all-in-one onboarding and training software where business owners can centralize their company’s documentation and systemize operations. It’s designed to make documentation simple for busy business leaders, engaging for employee onboarding and training, and easy-to-use for anyone who needs to find answers to their questions — anytime, anywhere.
The platform also holds everything you need to know about your team. With a full company directory and org chart, employee roles and responsibilities are fully transparent to the entire company — making accountability easier to monitor. And because everything lives online, all your documentation is super simple to update. Essentially, your Trainual account is the living, breathing version of your company.
Plus, with features like AI and document importing, Trainual makes it easy to either start documentation from scratch or upload and organize existing documents to make training simpler for employees. Plus, we offer complimentary set-up support for new customers, putting them on the fast track to success with a personal concierge service.
When you start documenting your business with Trainual, there’s no more need for dusty, old paper manuals that never get updated. No more frustration trying to train with hundreds of Word Docs and PDFs. And no more answering the same question over and over again.
Why Business Owners Need Trainual
There are definitely a lot of perks to having your business processes and policies documented in one place — but the most important one for business owners is freedom.
A lot of businesses rely on their owners for day-to-day operations. And for a while, that’s the way it should be — growing businesses have limited resources, and it takes every person to help nurture the business, add revenue, and eventually introduce more people to the team. But, when the team is growing, and the owner is still the only one who knows how to do everything at the business, they become stuck.
At a certain point, the owner can’t be the one answering every question — especially if they plan to exit their business one day. And that’s why Trainual is so necessary: By documenting everything that runs your business, you’re essentially producing an operations manual that anyone can use. In a way, you’re replacing yourself and making the business the true asset, which is a good thing when you’re planning your exit strategy.
Plus, Trainual has helped business owners sell their companies by instilling trust in potential buyers and providing an onboarding system for future hires. Setting your business up with Trainual today adds more value and makes exiting your business easier in the future.
Why CEPAs Need Trainual
For every reason a business owner needs Trainual, there’s even more added value for CEPAs. Trainual is a resource that adds value to businesses — and ones that have organized their processes, policies, and other documentation with Trainual are better equipped to keep growing and scaling.
Plus, Trainual is a platform that houses all of a company’s best practices, which aligns team members to the responsibilities that are documented for them, and makes for a more profitable business. When businesses have a tangible asset like Trainual in their arsenal, prospective buyers have a better understanding of the company’s value — and much more trust in the processes that are running the day-to-day operations.
Meaning, for CEPAs who work with countless business owners who are planning their exit strategies, Trainual is a crucial resource. CEPAs can deliver a platform that helps their clients build a healthier and more valuable business — which ultimately benefits the advisor.
And Trainual isn’t just a platform for CEPA clients. The advisors themselves can build their own processes and company knowledge into the platform as a professional services business. This ensures that CEPAs can stay organized with their own business systems, and eventually expand and grow their operations.
Ultimately, Trainual was built to help small business owners get their business out of their brain. Whether their goal is to continue scaling the business or eventually exiting, owners have used our platform to systemize their operations and free themselves from the day-to-day. And with Trainual, your exit planning strategy takes another step to fruition.
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