Planning Your Exit And Business Valuation 2022 | Sheet Metal and Air Conditioning Contractors' National Association | 1 May 2022 | TBA, San Diego, CA
Venue
TBA
TBA, San Diego, CA
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| Event Date |
Sun May 1 MDT - Tue May 3 MDT (over 2 years ago)
In your timezone (EST): Sun May 1 2:00am - Tue May 3 2:00am |
| Location |
TBA
San Diego, CA |
| Region | Americas |
Details
The program will cover owner readiness, business readiness, market readiness, exit options, the sales process, and legal and tax consequences. Participants will know their choices and learn about realistic expectations and consequences with transferring ownership. Participants will develop personal actions plans that can be tracked and monitored.
Learn the Three Keys to a Planned Exit:
1. Owner Readiness Process – personal financial plan, lifestyle plan, and emotional preparedness
2. Business Readiness Process – review, assess and evaluate: sales, marketing, operations, org chart, financials and withdrawal liability
3. Market Readiness – valuation, financing, deal structure, and buyer types (financial vs. strategic)
Selecting a Planned Exit Option:
• Voluntary – family transition, ESOP, 3rd party sale, dissolution
• Involuntary – death, divorce, departure, disability
Designing Your Planned Exit:
• Align with the original objective – still on track?
• Decide best option – how to best prepare the business
• Consider the deal structure
Participants will learn about:
• Options available
• Where to start
• Additional resources
Monday evening will include a panel discussion with five mentors (SMACNA contractors) that have already exited their businesses. Discussion will focus on successes, failures, best practices and lessons learned during their exiting process
Program Takeaway
• Education: why planning for ownership transfer and business valuation is crucial
• Action Items: what steps are needed to create a planned exit
• Tools: how to accomplish task lists
Who should attend
The target audience includes owners within five years (preferably) of retirement. Enrollment will be limited to 30 participants with a maximum of three from one company.
Speakers
2022 Speakers
John Ovrom
President, Chief Executive Officer, Exit Consulting Group
Andrea Steinbrenner
Chief Operations Officer, Exit Consulting Group