Business owners are so consumed by the day-to-day tasks of managing their company that they postpone critical planning to understand how to someday sell their business for an optimal price or effectively pass it to heirs. 90% of all businesses in Wyoming are family-owned or closely held. Within the next 5-10 years 65%-75% of business owners will transition out of their business. Only 30% of businesses successfully transition to the next generation This webinar will provide an overview of key issues a business owner must address when transferring their business, such as: What options are available to transfer a business to family members, employees, or third parties? How can the owner ensure that heirs are fairly considered in a business transfer? How much value does the owner need to extract from their business transfer to meet retirement goals? A developed succession plan in conjunction with a strategic plan will maximize the value of the business now and into the future, while also strengthening the foundation of the owner’s financial plan. Presenter: Matt Melinkovich is the owner of Timberline Training. As a certified Innovation Growth Coach, a level two Family Business Advisor, and a Franklin Covey Speed of Trust facilitator, Matthew brings a wealth of knowledge and business experience on the topics of efficiency, innovation, leadership, and trust. Matt helps small business owners and their families create transition plans that secure the interests of the company and provide a dignified and meaningful future for its owners and their families.

Thursday, January 10, 2019; 2:00 PM - 3:00 PM
1705 Virginia Dr. Green river WY 82935
WSBDC Network
Peggy Baker
wsbdc@uwyo.edu, Phone: 307-382-0947 or 800-348-5194 within WY

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