Published: November, 2021
You’ve built a successful business and are ready to move on, either to a new venture or to a well-deserved retirement.
Have you considered what happens when you desire not to continue to work?
Have you ever considered your exit strategy?
Business owners rarely conduct effective succession planning and knowledge transfer. In fact, 60% of second-generation leaders fail. 90% of third-generation leaders fail. To make matters worse, the majority of retiring owners have the vast majority of their wealth tied up in their companies. If their businesses fail, owners' payments often stop and the owner's retirement plans are dramatically altered. This online CPE course focuses on ensuring the company will continue successfully.
Only 50 percent of business owners have a written succession plan in place. Worse yet, there are some that might even be in line such as a son, daughter friend or spouse and they do not even know they are considered.
Best-practice organizations use succession planning to not only prepare for potential leadership challenges but they also rely on such plans to develop and maintain the strong leadership that's required to grow and keep pace with changes in their business, industry, and the overall marketplace.
Major Topics Covered: in this online CPE webinar:
This online Finance CPE webinar is recommended for CPA, CMA, PFS, and Other Finance professionals engaged in or interested in providing guidance to their clients for Succession Planning
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
Marketing, Montage Partners, Inc
Brooke Awtry is the Director of Marketing and Public Relations at Montage Partners, a people-first private equity firm located in Scottsdale, Arizona. Brooke is responsible for managing the firm’s brand, media relations, and creating and implementing all marketing strategies. She also consults with the firm’s portfolio companies on marketing initiatives and campaigns. Prior to joining Montage Partners, Brooke worked for the largest U.S. non-profit, Fidelity Charitable, where she oversaw a portfolio of high net worth clients, worked to improve team processes and efficiencies, and created educational materials and reports for clients. Brooke holds a bachelor’s degree with honors in English, a Master of Arts in Arts Management, and an MBA from Southern Methodist University in Dallas, Texas.
Montage Partners is a people-first private equity firm managing more than $70 million of capital that invests in companies in the U.S. with $1 million to $5 million of EBITDA. Since our inception in 2004, we’ve invested in 17 companies. These 17 companies represent more than 1,175 employees, total over $275 million of combined revenue, and compete in diverse industries, including aerospace, food and beverage, technology, business services, industrial distribution, and niche manufacturing.
Above all other criteria, Montage Partners invests in exceptional people. We don’t invest in start-ups. We don’t seek distressed situations. And we don’t rely on leverage to generate returns. We seek to generate returns the old-fashioned way – by growing the cash flows of a business. When we make an investment, we win together with our partners—through teamwork, not at one another’s expense. No surprises. We are driven by long-term relationships and respect for the fact that people define a great company.
Mar 28th, 2022
This is a great first course to get conversations with clients on possible ways they could exit. It is enough information to get you the buzz words for discussions of pros and cons on ways to exit.