1. Workshop: Transitioning Your Shop: Everything You Need to Know to Prepare Your Business for New Ownership - Part II VOD

    01:24:37

    from FenderBender / Added

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    Speakers: John Walcher, President of Veritas Advisors, Inc. and Bart Greenberg, Partner at Haynes and Boone, LLP Panel: Bart Greenberg, Partner at Haynes and Boone, LLP; Eric Horvath, Vice President of Duncan Auto Body; Phil O’Connor, Owner of POC Collision Inc.; Joey O’Neill Jr., President of Benner’s Auto Body; Jim Keller, President of 1Collision Network One of the most crucial aspects of owning a shop is planning for retirement or the unexpected. You’ve worked hard to build your shop, but have you taken the necessary steps to ensure a smooth transition when you are ready to retire or can no longer run the business? If you are like most shop owners, you haven’t and aren’t quite sure where to start. Whether you plan to sell your shop or transfer it to family or staff, there are critical steps you need to take to ensure the transition is done correctly for whichever path you take. This workshop will take a look at the options available to you, to help you navigate some of the perplexing aspects that come with a transition plan. The workshop will dive deep into: - Options for transitioning your shop to new ownership, whether it is family, staff or an outside entity - How to maximize the sale price of your business and make it appealing to buyers - Planning for the most tax-efficient transition - Legal issues you must know - Creating a sound succession plan You’ll also hear from fellow shop owners that have already gone through transition, as well as experts who will provide information, insight and answer questions about how to take inventory of your current situation, take advantage of specific legal and tax tools, and how to resolve conflict and pass on your shop’s legacy.

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    • Workshop: Transitioning Your Shop: Everything You Need to Know to Prepare Your Business for New Ownership - Part I VOD

      01:46:43

      from FenderBender / Added

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      Speakers: John Walcher, President of Veritas Advisors, Inc. and Bart Greenberg, Partner at Haynes and Boone, LLP Panel: Bart Greenberg, Partner at Haynes and Boone, LLP; Eric Horvath, Vice President of Duncan Auto Body; Phil O’Connor, Owner of POC Collision Inc.; Joey O’Neill Jr., President of Benner’s Auto Body; Jim Keller, President of 1Collision Network One of the most crucial aspects of owning a shop is planning for retirement or the unexpected. You’ve worked hard to build your shop, but have you taken the necessary steps to ensure a smooth transition when you are ready to retire or can no longer run the business? If you are like most shop owners, you haven’t and aren’t quite sure where to start. Whether you plan to sell your shop or transfer it to family or staff, there are critical steps you need to take to ensure the transition is done correctly for whichever path you take. This workshop will take a look at the options available to you, to help you navigate some of the perplexing aspects that come with a transition plan. The workshop will dive deep into: - Options for transitioning your shop to new ownership, whether it is family, staff or an outside entity - How to maximize the sale price of your business and make it appealing to buyers - Planning for the most tax-efficient transition - Legal issues you must know - Creating a sound succession plan You’ll also hear from fellow shop owners that have already gone through transition, as well as experts who will provide information, insight and answer questions about how to take inventory of your current situation, take advantage of specific legal and tax tools, and how to resolve conflict and pass on your shop’s legacy.

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      • Selling a Financial Services Business

        37:03

        from Succession Resource Group / Added

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        Selling a financial services practice is a major event for any business owner and when done right, can provide you and your clients with tremendous rewards. The key to getting the greatest value from your hard work is to have a well thought out transition strategy. This 30-minute session will cover current vs. historical exit planning trends, a recommended transition timeline and strategies for transferring your business, 2014 advisor valuation statistics, and the most up-to-date deal structures used by advisors today. This session will address some key questions: * When should you start planning your sale and what are your options? * What is your practice worth and how can you increase the sales price of your business? * What are typical values being paid and what drives or detracts from the value? * How do you structure your sale? * What are the tax consequences of various sales structures? * Exit planning pitfalls to avoid!

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        • Ecological Succession

          12:07

          from Andrew Hall / Added

          35 Plays / / 0 Comments

          What is succession in an ecosystem? How do primary and secondary succession differ? In central Virginia, what would successional change typically look like on land (terrestrial) and in ponds (aquatic)?

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          • Ecological Succession on Land

            08:43

            from Andrew Hall / Added

            32 Plays / / 0 Comments

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            • What makes a next generation leader?

              04:27

              from Boomer Consulting, Inc. / Added

              7 Plays / / 0 Comments

              "...often times we hear that current leaders lack the level of confidence they would like to have, in terms of their next generation of leaders, yet at the same time, what they're doing is cutting the development investment that's being put into that group. So it's a little head scratching..." Jim Boomer makes the claim that leadership skills, much like any other skill, require investment. P0638.05

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              • Great Leaders are Replaceable

                03:20

                from Boomer Consulting, Inc. / Added

                10 Plays / / 0 Comments

                "When we talk about succession, often it's focused on partners and the discussion sort of stops there but we really need to be looking at all functional areas of the firm. So IT, HR, training and learning; do we have a succession plan in place?" Jim Boomer speaks about the value of developing talent in this recording from March 2014. P0578.11

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                • Growth to Exit and Management

                  01:55

                  from ShieldsLegalGroup / Added

                  5 Plays / / 0 Comments

                  Many privately owned companies started out as family businesses. At some point, the business is going to outgrow the family members. Potential buyers of your company want to know that the business will thrive after the sale. That is the key reason why it is so important to transition from family to professional management. Whether you are considering selling or creating a succession plan for the company you built, having professional managers and practices in place is critical to a successful transition.

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                  • Pushp3

                    02:33

                    from Tracy Kurschner / Added

                    6 Plays / / 0 Comments

                    This video is about Pushp3

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                    • Pushp

                      05:52

                      from Tracy Kurschner / Added

                      10 Plays / / 0 Comments

                      This video is about Pushp

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