Succession Success: Planning, Preparing, and Profiting from Your Business Exit
Whether you are planning to transition your business in the near future or just beginning to think about your long-term goals, having a well-thought-out strategy is the first step toward a successful and profitable exit. This three-part webinar series is designed to guide business owners through each critical stage of the succession journey.
Join Dyanne Ross-Hanson, CEPA®, CFP®, ChFC, CLU, Senior Consultant at BGM, Cory Parnell, CPA, Principal at BGM, Blake Johnson, Director at SealedBid, and Heidi Carpenter, JD, CEO and Shareholder at Fafinski Mark & Johnson, P.A., as they share real-world insights, strategic guidance, and actionable steps to help you explore your options, build internal readiness, and execute your transition with confidence.
Session #1: Planning
Date/Time: Wednesday, August 27 at 12:00 – 1:00 PM CT
This first session in our three-part series will help you explore your potential succession paths and begin aligning them with your personal and business goals.
What You’ll Learn
- Succession Options: Key exit strategies to consider and how to evaluate the right fit
- ESOPs, Competitor Sales, and Third-Party Deals: How each option works, including pros, cons, and timing considerations
- Internal Succession Strategies: Transitioning to family members or key employees and setting the stage for long-term success
- Key Planning Questions to Ask: How early should an owner and their advisory team begin planning the owner’s exit? How to align your exit path with your personal, financial, and business objectives
Register now to take the first step toward building your succession strategy. A recording will be provided to all registrants, even if you’re unable to attend live.
Session #2: Preparing
Date/Time: Tuesday, September 16 at 12:00 – 1:00 PM CT
Once you’ve selected your path, the next step is preparing your business for transition. This session will cover how to create internal alignment and get your financials, operations, and relationships in shape to maximize value and minimize surprises.
What You’ll Learn:
- Management and Leadership Readiness: How to prepare your internal team for succession and identify any gaps. Including building out Incentive/Retention compensation plans.
- Valuation and Financial Preparedness: Why knowing your company’s value matters and when to seek a formal valuation
- Legal and Operational Housekeeping: Ensuring key contracts, agreements, and records are in order to support a smooth transition
- Documentation and Risk Reduction: Moving handshake deals to written agreements and uncovering potential red flags early
Register now to learn how to prepare your business for a seamless and successful transition. A recording will be provided to all registrants, even if you’re unable to attend live.
Session #3: Profiting
Date/Time: Wednesday, October 22 at 12:00 – 1:00 PM CT
In the final session, we’ll explore how to execute your chosen exit plan, navigate the due diligence and deal process, and ensure the right advisors are in place to protect your interests and maximize your outcome.
What You’ll Learn:
- Assembling Your Deal Team: Why working with experienced legal, financial, and M&A advisors is crucial to a successful outcome. And what to look for when building your team.
- Avoiding Deal Disruption: Common execution pitfalls and how the wrong advisors can derail your transition
- Understanding Deal Structure: Navigating buyer expectations, diligence demands, and value drivers during the deal process
- Post-Transition Planning: Setting yourself up for success after the deal: personally, financially, and professionally
Register now to discover how to execute your exit strategy with confidence and clarity. A recording will be provided to all registrants, even if you’re unable to attend live.
