XPX – Washington D.C. Metro event – June 15
XPX friend Mario Ricciardelli will speak on “From dorm room to public company buyout: Lessons learned along the way to a successful exit”. Mario will enlighten the audience with his first-hand experiences around building his successful business, his ownership transfer through a sale, and the role of advisors throughout. He will also speak about the owners whose companies he acquired for the UK company that acquired his own firm six years ago. This is the inaugural event for the Washington D.C. Metro chapter of XPX!
XPX – Philadelphia event – June 1
Wednesday, June 1 at the Pyramid Club, Philadelphia XPX – Philadelphia will have a breakfast meeting on “The Next Generation in Family Business”. Panelists Frederick Lipman and Nancy Drozdow will discuss their experiences with family business exit planning involving the next generation.
XPX – Boston events – May 18, May 25
XPX – Boston will hold a breakfast meeting where former business owners Jeff Garr and Ken Bettenhauser answer the question, “When is an Exit not an Exit?”
Mike Oleksak – panelist at MVVF event on May 11
This panel discussion will help owners evaluate whether their company is already positioned to reap its intrinsic value when the unexpected event orunsolicited offer puts the company in play or whether the owner will be heard to say, “I wish I took the time to be prepared.”
Every Family’s Business by Tom Deans
a process…that keeps the family members in the business focused on the goal of selling the business at some point–selling the business at the highest price to the highest bidder, giving preference to cash and without prejudice to whether the buyer is family or an unrelated third party. The stock of the business must always be understood to be for sale. Sale of the stock takes primacy over any consideration of family employment. And family employment will not alter or distort the value assigned to the stock.
What if you knew?
“What would you do if you, as the business owner, had six months’ notice that you had to sell immediately (maybe because you were going to die?)?” What a great perspective! (aside from the dying part…)
December 9th in Wellesley, MA – XPX Boston – Valuation in M&A
This session will discuss the metrics needed to maximize our clients’ companies’ value, how we can help them determine their return on investment in their company as part of their overall investment strategy and how value depends on the many exit options available to business owners.
A Different Approach
In anticipation of the turnaround, and corresponding increases in confidence and risk-taking (and it is starting to happen), baby boomer owners should know their exit options and be ready. They need to ask themselves these questions:
Is my company salable?
If so, what are the ownership transfer options?
Is my family OK with the decision to sell?
What will I do after I sell?
Have I built the value in my company so the sale proceeds will finance my lifestyle? If not, what can I do to improve its value?
Do I have the right advisors for the process?
Is my company ready for a thorough (and exhaustive) due diligence process?
Just Over the Horizon
For those companies who are a candidate for transfer, now is the time for owners to start thinking about it and preparing for it. For those who successfully prepare, they too can sit back one day and reflect on their successful transfer.
Owners’ Academy – XPX-Boston – Oct. 26
The Exit Planning Exchange Boston chapter will hold its first Owners Academy, a quarterly event focused on owners and their issues as they plan for exit.
