| Conference Program: Succession and Exit Planning in Action: Your Exit Strategy
Date: August 9, 2023 .... Time: 1:00 - 1:45 p.m. According to the Exit Planning Institute, 75% of business owners who sold their businesses profoundly regretted selling within a year. 98% of owners feel like succession and exit planning are important, yet 83% have no transition or exit plan. You've worked hard to build wealth and assets, but sustaining them over the long term requires strategic planning, whether transferring to a family successor or a third-party buyer. Get ahead of ownership and leadership changes. If you want the value of your business to remain intact for your successors, or achieve a higher selling price, begin the planning process sooner rather than later.
You will learn the following:
- The personal, business, and financial readiness, gaps to watch, and the tracks to maximize business value and your return.
- Why and how choice valuation methods and financing options impact succession and exit planning.
- Leading practices and strategies to implement to ensure your legacy isn't left up to chance.
This session will examine preparation, planning options, and transitional strategies, especially in highly owner-centralized companies. We will also touch on business continuity planning. It will also address your personal and emotional readiness and review actions you can take today for you and your business to become more transition ready.
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Chris Cimaglio - CEPA®, Certified Value Builder™, Managing Partner BEST Human Capital & Advisory Group, PivotPoint Business Solutions
Chris has been part of the Retail Lawn & Garden and Horticulture industry for over 30 years. As the former leader of a multi-generational family-held company, he closely defined the business ownership succession, gaining deep insight into the legal, financial, strategic, and emotional challenges of multiple family stakeholders. Working with and advising business owners on their succession and exit planning has become a passion. Chris is a CEPA® (Certified Exit Planning Advisor), Certified Value Builder™, and an approved ExitMap® Plan Advisor. The CEPA® credential is the most widely endorsed exit planning designation in the world. He is also trained and approved in exit planning by The ExitMap® organization. Chris is a member of the AmericanHort and the NHPA. In addition, he has authored many articles on succession and exit planning and has been a speaker and seminar host multiple times at Cultivate, IGC and Hardware Co-op Events, and the GROW Executive Summit Conference. He holds a Bachelor of Science in Business Administration from Marquette University and an MBA from Saint Louis University.
About Best Human Capital & Advisory Group:
Retained Executive Search and Strategic Human Resources Solutions for Horticultural Industry
BEST is a business advisory and executive search firm focused on the horticulture industry. Our networks and relationship with clients and candidates allow us to truly understand the human capital and industry challenges that affect your business. The BEST Team has decades of combined experience within the Horticulture industry, cultivating relationships from section growers to industry thought leaders. These partnerships allow BEST to stay current on the industry’s needs and share ideas, processes, and solutions to move our industry forward through BEST Retained Executive Search and Business/Human Resource Advisory Services.
BEST has delivered high-level, critical hires and human capital advisory for growers and horticultural support companies and organizations worldwide. We believe that recruiting and human capital advisory are a science, not a transaction. Our process is based on a consultative, trusted advisor relationship with our partners. Leveraging our industry expertise and constant communication with our network contacts, we match the right people with the right companies and identify human capital solutions for your organizational health. We provide practical tools and experienced thought leaders to manage risk and inject health and energy into their companies. At BEST, our talented advisory team provides cost-effective, value-added solutions to improve your HR effort, financial position, and your overall operations, including employee engagement, leadership, exit planning, workforce planning, and HR audits.
Succession & Exit Planning for the Horticultural Industry
BEST provides horticulture business leaders, owners, and their advisors, with a practical and organized approach to preparing you for the transition of your life. Are you ready? Are you planning to exit and sell your business? Exit planning is quickly becoming a buzzword in the legal and financial communities. Your professional advisors are positioning themselves to provide tax, risk management, wealth management, and contract preparation services. BEST Exit Plan Advisors have been trained to manage your team of tax, legal, business, and financial planners to navigate your optimal exit strategy. We work for you, ensuring you have a proper and beneficial exit. We properly assess your readiness, provide business valuation, plan, and lead your professional team through a collaborative process focused on supporting and accomplishing your exit planning objectives.
FOR OUR CLIENTS AND CANDIDATES...
We all need someone to lean on— Lean on us!
Our experienced team of Human Capital Advisors and Human Resource Advisory Experts work with a variety of companies in our targeted industries. They are incredibly adept at recruiting the right professionals for your needs. Candidates also know they’re in good hands because communications are always in a timely and professional manner.
- We are not transactional.
- We are not headhunters.
- We are not contingency recruiters.
We are your total talent and HR solution identifying professionals that align with the culture, behaviors, and results valued by your organization.
Who is Behind the BEST? Meet the leadership and experts that are growing a genuinely different model in executive search and business advisory (and having some fun doing it too).
