Transition planning is one of the most important issues facing any business owner. Too often, a business owner pursues an exit when one or more of the “clocks” is not aligned, which may result in a sub-optimal value, delays, or even cancellation of the transaction.
The key to maximizing the value of your business and preparing you and your family for “life after the sale” is aligning the Three Clocks - Industry, Business, and Personal & Family.
This webinar series brings together the extensive experience of 15 business transition specialists in three panels to discuss the three clocks and how to gauge ‘what time it is’ on each clock associated with your potential ownership exit.
Business owners and their advisors will gain insights from these experts to help avoid common pitfalls and learn how to prepare well in advance for a successful sale.
Watch the recording of the webinar to learn more about the industry factors, challenges, and opportunities that may affect the value of a business.
Marshall Rowe Co-President, Business Owner Services, Managing Director, Northern New England, The Colony Group
Your business has been the hub and economic engine generating cash flow for you and your family. As you approach the decision to sell the business, identifying key value drivers and taking steps to improve them may help to drive up the price and may help you realize your post-sale lifestyle and financial goals.
Our panel of experts will explore how to shift as much potential value to the business owner’s side of the equation in advance of entering into any discussions with a buyer by focusing on the key value drivers for your business. You will hear the perspectives of our industry professionals, who will answer:
John Weeks, CExP, Managing Director, Family Wealth & Business Transition Planning, The Colony Group
Investment Banker: Robert MacLeod, Bigelow
Corporate Attorney: Patrick Closson, Director, Chair of Corporate Department and Chair of Healthcare Group, McLane Middleton
CPA: Jody Holt, Co-Founder & CEO, Kincern Inc.
CPA: Karl Heafield, Principal, Baker, Newman, Noyes
Private Company Board Member: Mike Burnell
Preparing yourself and your family for life after the sale is often overlooked as owners typically focus their energies only on the business aspects of the transaction. We have experienced situations where the Industry and Business Clocks were ready, but the owner and family blocked the sale at the last minute because they were not prepared.
In our final webinar, our panel will discuss building a strategy for a meaningful and satisfying life for you and future generations as you transition from running an operating company to managing a “financial” company. Some of the questions the panel will address are:
Jim Fitts, CFP®, Senior Wealth Advisor, Managing Director, Business Owner Services, The Colony Group
Business Owner: Paul Amato, former owner of Alene Candles
Family Wealth Advisor: Indrika Arnold, CFP®, Senior Wealth Advisor, The Colony Group
Estate attorney: Amy Kanyuk, McDonald & Kanyuk
Philanthropy advisor: Richard Peck, Vice President of Development and Philanthropy Services, New Hampshire Charitable Foundation
Prefer to connect, today? Great — drop us your contact info and we will reach out to discuss our perspectives and your possibilities.