Mega Group National Convention
Place: The Omni Hotel & Music City Center | City: Nashville, United States
Sunday, August 13
9:00am - 9:50am
Succession Planning for the Independent Retailer - Maximizing the Value of Your Business
Presented by Joe Milevsky, CEO
Whether you are going to sell your business outright or pass the business on to the next generation, it is critical that you maximize the value of your business. If you choose to pass the business on to a family member understand that less than one-third of all family businesses survive transitioning to the second generation and only one half survives the transition from the second to third generation. If you wind up selling your business outright, then how do you increase the likelihood of a sale and ensure that you get top dollar for your business? In either case the things you do to structure your business now will directly determine your success.
Since JRM Sales and Management’s clients are all independent businesses, during this worship you will learn how we have helped independent business owners prepare for succession while ensuring that they maximize their return on their investments of money, time and stress.
During this course we will cover:
- How to build a strong business model, setting up your company for long-term success.
- How to increase your business' financial performance and how to properly document financials for potential suiters of your business.
- How to get your business trending in the right direction thus dramatically increasing its value to outside suiters or increasing the likelihood of a successful transition to the next generation.
- How to build your business so that it is properly managed through your people and not solely dependent on you as the owner to drive its performance.