We used Jim Ryan’s expertise and judgment when we needed to hire a new general manager. During the process, he kept us up to date on what was going on and what he was doing and what we would be seeing, and how many candidates he had found. We ended up hiring one of three that Jim narrowed the search to, and he’s a crackerjack and I am really pleased. It went extremely well.
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Composiflex
Exit Planning: Five Ways to Successfully Exit Your Business (and how to do each one right!)
October 2011
Hermitage, PA
Workforce Development Center, Linden Pt.
Route 18 (just north of I-80 Exit 4)
Thursday, November 3, Noon luncheon
Seminar 1:00 – 5:00 pm
In Partnership with Evans and Associates
Cost: $149
DuBois, PA
DuBois Diner
150 West DuBois Avenue
Wednesday, November 9, Noon luncheon
Seminar 1:00 – 5:00 pm
In partnership with Schaffner,Knight,Minnaugh
Cost: 149
There are essentially five ways to exit your Business:
- Sell to Private Equity Firm or Strategic Buyer
- Sell/Gift Children
- Sell to the Management Team/ESOP
- Sell to an Existing Partner
- Hold as Investment, run by your Management Team
Variations of each
Every business owner needs to keep the maximum number of options open for as long as possible. Why? The benefits of any one option vary over time, driven by such factors as the state of the economy, the competitive environment, the owner’s health and many others factors that could come up at any time. Unfortunately, when considering their options, owner’s expectations are largely established by anecdotal and incomplete information from other business owners, from magazine articles, bale pitches, etc.
The result is that it is difficult for you, the owner, to understand what it takes to achieve your expected outcome. This seminar is an educational event that will address each of the above Succession/Exit options. For each, we will provide:
- An understanding of what you should expect in terms of outcomes
- The conditions that have to be met
- How you need to prepare both yourself and your business
- The steps to take
- The time required
Decision Associates, in partnership with Evans and Associates, will present this Seminar in Hermitage, PA, and in partnership =ith Schaffner, Knight, Minnaugh in DuBois, PA. They will also be available for discussion after the =vents. To learn more about the presenters of these events, follow the links:
Decision Associates: www.decisionassociates.net
Evans and Associates: www.evansandassociates.net (Hermitage Presentation)
Schaffner, Knight, Minnaugh: www.skmco.com (DuBois Presentation)
To register for either event, contact the NWIRC at 814-456-6299 x100 or register online at www.NWIRC.org/events
