We are preparing the business for a clean exit and want to run an Advisor Meeting Pulse with our investment bankers, accountants, and lawyers. How do we adapt the Level 10 Meeting format to run an effective weekly or bi-weekly meeting with external advisors?

Question

Tyler Smith · Accepted Answer

As you prepare your business for a clean exit, you will need to coordinate closely with external professionals, including investment bankers, CPA firms, and legal counsel. Trying to manage these advisors through disjointed emails and ad hoc phone calls leads to massive delays and high fees. Instead, you should establish an Advisor Meeting Pulse using an adapted Level 10 Meeting™ format.

This advisor meeting should run bi-weekly or weekly, depending on how close you are to the transaction. The agenda should follow a streamlined sixty-minute or ninety-minute structure. Start with a five-minute check-in, followed by a quick review of your exit scorecard and exit-focused Rocks.

The scorecard should track metrics like due diligence document completion, clean financial reporting updates, and buyer outreach numbers. The Rocks will represent key exit readiness tasks, such as finalizing your quality of earnings report or updating your customer contracts.

Spend the majority of the meeting on IDS®, focusing on the critical blockers holding up the sale. These might include resolving a historical tax issue, clarifying a legal liability, or managing a key relationship transfer. By running this structured pulse, you hold your high-priced advisors accountable, keep everyone aligned on the same timeline, and significantly reduce the time and stress of the due diligence process.