Less than one in 10 businesses sell for a price even near expectations

Published on Thursday, April 24, 2008

Learn why: Join us on June 2

If you’re like most private business owners, you haven’t given transition planning much formal thought. We’d like to show you why you need to think seriously about this important issue now, rather than later.
Surveys show that the majority of owners have done little or no planning. At best, they have an informal idea. But even then, it is one sided and just focused on a sale transaction. For a transition to be successful, much more needs to be considered.
The need for proper planning really shouts out when you look at the fallout; less than 10% of business owners obtain a price near what they desire and only 3 of out of 10 businesses successfully transition to the second generation.
Please join us at 5:30 – 7:30 on Monday, June 7 at the Blue Moon Bistro in Dennis Village for a complimentary workshop sponsored by ROCG’s Boston Office of Shepherd & Goldstein Consulting Group, Delta Capital Group, The Community Bank and Cape Business Publishing Group.
• Learn how you can:
• Keep control over the process
• Maximize business value
• Minimize taxes
• Better understand internal & external transfer methods
• And much more
This workshop is designed not only for business owners, but for attorneys, CPAs and financial advisors who represent businesses.
Combine invaluable education with tastes of Chef Peter Hyde’s Blue Moon cuisine, along with a special wine tasting. And if you want to stay for dinner, the Hydes are offering special pricing for attendees.
Seating for this free event is limited, so please RSVP soonest. Please register online at www.capebusiness.net or RSVP by phone at 508-385-3811. If you call, mention “succession workshop” please.
To learn more about the business transition process, please visit our website www.business-transition.com.