Who Wants to Be a Millionaire?
Four Factors Every Owner Should Consider to Prepare a Business For Sale
An Interactive Seminar sponsored by The Maslon Counsel for Women and Anchor Bank National Association.
(Originally presented: Thursday, May 1, 2008.)
Maslon Edelman Borman & Brand, LLP
90 South Seventh Street
Wells Fargo Center, 33rd Floor
Minneapolis, MN 55402
Presenters
Terri Krivosha (Maslon), Sophie Bell Kelley (Anchor Bank), Michelle Lureen (Anchor Bank) and Myrna Marofsky (Redbook LLC)
The Critical Issues
Most business owners have a solid business plan when starting a new endeavor, but few have a plan for a transition, exit or hand-off. Growing a business must be done with an exit strategy in mind.
This interactive seminar will help you assess your readiness for exit and give you four factors to consider in preparation for sale. The factors will focus on the value of ownership, the personal and emotional security needed to exit, the people, processes and technology needed to operate the business, and how to make a compelling financial case to a prospective buyer.
Participants will complete an assessment tool and plot their readiness for exit on a specially-designed grid.
Topics will include:
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The Value of Ownership - Are You Ready to Give Up the Helm?
- Personal and Emotional Security - What is Your Tolerance for Risk?
- Operations - Will Your People, Processes and Technology Add to the Value of Your Business?
- Finances - Do You Have a Compelling Financial Story?
