Date(s) - 24/04/2019
2:00 pm - 3:00 pm
Did you know that millennials hold on to a business for an average of just seven year? Their objective is to aggressively grow the business to generate profits, not through operations, but through the eventual sale of the business.
Taking the time now to envision what your business will look like when you want to sell that business is vital to your business plan – even if you’re just starting up.
Having a solid business transfer plan in place can also make your business more attractive to funders so you can easily access financing as your business grows.
On the next #SBSchat learn how to optimize your business transfer plan to increase growth and profitability today while increasing your business’s value in the future.
Q1 – Why should a business transition plan be an integral part of your business strategy and annual forecasting exercises – even if you’re just starting up? #SBSchat
Q2 – What are the main issues that should be addressed in a business succession plan? #SBSchat
Q3 – How can you capitalize on a well formulated business transfer strategy to access capital for your business today rather than in the future? #SBSchat
Q4 – Who are some of the key people that should be involved in writing your business transfer strategy? #SBSchat
Q5 – Who are some of the key people you should share your business transfer strategy with? #SBSchat
To be a guest on #SBSchat send an email to firstname.lastname@example.org to let us know your area of expertise &/or topic suggestion.
Q6 – What are the advantages to having a robust business transfer plan? What disadvantages can you mitigate by having a succession plan in place as soon as you start your business? #SBSchat
Q7 – What are some important aspects to consider to ensure a successful family business transition? #SBSchat
Q8 – What’s an Employee Share Ownership Plan (ESOP) and what are some key elements to ensure success?#SBSchat
Q9 – How can you trigger and plan for a successful third-party sale of your business? #SBSchat
Q10 – Any other tips or advice before we sign off today? #SBSchat