Topic: Business Succession Planning
The March Business Breakfast Bytes will feature a panel of experts who have experience and knowledge on the journey of succession planning, the options available, and the emotions behind making these decisions.
Hosted by: Valley VNA Senior Care
Jason Wellman, Senior Relationship Consultant at ESOP Partners LLC, will lead the session and facilitate this panel of experts including:
Family Ownership Transition: Kim Bassett, President & CEO of Bassett Mechanical
Merger/Acquisition: Sam Statz, President of Hoffman Planning, Design & Construction, Inc.
Employees Owned: Bob Arnold, former Owner and President of Vehicle Security Innovators, Inc. (VSI, Inc).
Sold to Management Team Panelist: To Be Announced
Are you a business owner looking to learn more on preparing a business succession plan? Are you familiar with all of the ways to transfer business ownership? Would you like to hear from other business owners who have been through this before?
Business Succession Planning is the process of creating a plan to systematically transfer ownership in occasions such as retirement, death or disability of the current owner.
This presentation will have a panel consisting of companies that have experienced a family transition, sold to their management team, sold to their employees, or experienced a merger/acquisition. Each panel member will share their stories and what went into their thinking process and learnings along the way. Attendees will learn what some of the emotional aspects owners go through in making these sorts of decisions.
The idea of passing on a business you worked so hard for can be scary, emotional, complex and time consuming. However, starting your planning now, can save you headaches in the long run. Now is the time to start planning for the future for you and your company in order for a smoother transition down the road. There will be an opportunity for Q&A so that you may ask your pressing questions to our panel of experts.