|Thursday, December 7, 12:00p.m. – 1:45p.m. ET
Presented by: Jeffrey Scott and Ron Edmonds
Learn how to greatly improve smooth out business operations and family management, and how to transition your business to the next generation…or decide if you should “sell out.”
You will vastly improve the sustainability of your family business, by learning how to:
- Manage a family business so it out-performs the competition.
- Engage non-family management.
- Reach win-win agreements between the generations.
- Keep non-working family members happy with the arrangement.
- Preserve wealth and family happiness.
- Decide the best time to start the transition, and how long it should take.
Running a family business is easy, right? Not quite. You will learn the common pitfalls and failures in family business succession, and how to avoid them.
You will gain confidence in your financial options, by learning how to:
- Structure family transition transactions, to achieve both generations’ goals, and address family members not active in the business.
- Set strategies to plan for the unexpected, such as when a parent has to step back in the business.
- Facilitate a family transition using employee stock ownership plans and private equity.
Should you ultimately pass it down, or sell out? We will help you answer that question.
The seasoned presenters, Jeffrey Scott and Ron Edmonds, will share with you case studies from both in the green industry and outside—some will amaze and shock you, and others will give you comfort and a clear sense of direction.
The two presenters have significant experience running, buying/selling, consulting with and growing family businesses. See their biographies below.
|1:00 p.m. – 1:45 p.m. ET||Intro & Family Business Operational Best Practices
Featuring Jeffrey Scott
|1:45 p.m. – 2:30 p.m. ET||Selling to your family, or an outside buyer? Structuring your transaction.
Featuring Ron Edmonds
|2:30 p.m. – 2:45 p.m. ET||–15 min break–|
|2:45 p.m. – 3:30 p.m. ET||War stories and lessons learned.
Featuring Jeffrey Scott & Ron Edmonds
|3:30 p.m. – 4:15 p.m. ET||Ensuring your legacy, making sure your business stays competitive in the next generation and beyond.
Featuring Jeffrey Scott & Ron Edmonds
|4:15 p.m. – 4:30 p.m. ET||–15 min break–|
|4:30 p.m. – 5:00 p.m. ET||Audience Q&A|
|Jeffrey Scott, MBA
The Leader’s Edge Peer Group
Jeffrey Scott, MBA, author, coach and Hall-of-Fame Consultant, is the expert in growth and profit maximization in the landscape contracting industry. He grew his family’s landscape company into a successful $10 million multi-discipline enterprise (15 million in today’s dollars), and he’s now devoted to helping others achieve profound success.Jeffrey knows family businesses inside and out. He grew up in and ran a family business. He was an active member of the University of New Haven’s Center for Family Business, where he studied under the world’s top experts in family business. He also spent a year with a specialized family business therapist, learning family systems and other techniques for smoothly operating a family business. He now consults with family (and non-family) businesses throughout the USA and Canada.He also facilitates the largest network of landscape business owner peer groups in our industry: The Leader’s Edge. His members achieved a 27% profit increase in their first year. To learn more visit www.GetTheLeadersEdge.com.He is the author of three business books, The Leader’s Edge, The Referral Advantage, and most recently, Become a Destination CompanyTM.Jeffrey is a 20+year NALP member, an NALP Trailblazer, Foundation Ambassador, as well as an NALP Consultant.
The Principium Group
Ron Edmonds is the president of The Principium Group, Inc., a merger & acquisition and exit planning advisory firm focused exclusively on lawn, landscape and related services businesses. Over the past 15 years, he has played a key role in over 350 M&A transactions, including due diligence, negotiating, directing other professionals and planning the integration of operations. In addition to transaction work, he enjoys working with business owners on exit planning, often with a family transition component, well in advance of the anticipated time of an actual transition.He is the author of three books, Green Exit-Exit Planning for Lawn & Landscape Business Owners, Charting a Course – Acquisition Strategies in the Green Industry, and How to Sell Your Green Business.He is a member of the Association for Corporate Growth, M&A Source, and the International Business Brokers Association and is also a consultant member of the National Association of Landscape Professionals. He holds B.S.B.A. and M.S. degrees in accounting from Oklahoma State University. Ron has been designated an Industry Expert for the lawn maintenance and services category by Business Brokerage Press, Inc. and is a contributor to its Business Reference Guide.
Webinar in conjunction with NALP