An effective ownership program provides an adequate return on investment for exiting owners while making the investment affordable for incoming owners and ensuring sufficient capitalization of the firm. Get one of these wrong... and a busted ownership program is coming your way.
This popular executive program distills decades of experience with virtually every challenge you can think of into one immersive experience. See how your program compares to the industry, find out where you can make the greatest strides, and leave with a clear plan of action.
This workshop is NOT going to give you a cookie-cutter approach that pays no attention to your firm's culture or vision. Instead, PSMJ's Legacy by Design: AEC Ownership and Succession Strategies Workshop brings you the full spectrum of insight...from the financial mechanics to the strategic decisions to solving the leadership development dilemma. Our goal is to guide you to the right program structure for your firm's unique circumstances.
You get valuable data, lessons learned, and connections with your peers tackling the same challenges as you PLUS:
- How to Ensure Your Plan Isn't Built to Fail
- How to Select Your Best Successors
- How to Put The Right Price On Ownership
- How to Document The Deal And Stay Out Of Court
- How to Solve the Affordability Challenge
- How to Consider Non-Traditional Options
- How to Move From Plan To Execution
7 ACTUAL COSTLY SUCCESSION PLANNING MISTAKES THAT WE TEACH YOU TO AVOID!
- Relied on a poorly-written buy/sell agreement and ended up financing three competitors launched by former Principals.
- Failed to correctly plan for stock redemption liabilities and created a “bubble” that nearly bankrupt the company.
- Used an ESOP as a place to “dump stock” and the result was that owner worked ten years longer than she wanted to.
- Sold the company to an ill-prepared next generation and ended up having to re-join firm to stand any chance of getting his note paid.
- Created poorly-structured transactions that created huge unexpected tax liabilities for incoming owners.
“I'm leaving here armed with knowledge to help our company! Many, many great ideas even beyond the specific topic.”
Becky Hawkins | CEO | Method studio
“Excellent material and presenter. A thoughtful, logical & practical process to get started. Highly recommend to all founders.”
Deepa Bhate | CEO | Building & Earth Sciences
“Excellent, exactly what we needed to provide clarity, guide us through our first OT experience.”
Steve Osburn | President & CEO | CE Solutions