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Course Description

Have you started planning for the eventual exit of your business? Planning should begin years in advance. Having a defined strategy can help you build a more valuable company, have stronger personal financial plans and ensure it aligns with your personal goals. This workshop is designed to give business owners a knowledge base, vocabulary and an understanding of the process to create a thorough exit strategy. Whether you plan to transfer ownership to family members, sell your business or close your business, this workshop is designed to build a foundation of understanding for the eventual transfer of a business owners’ biggest asset – their privately held business

Course Outline

Agenda

  1. Evaluation of the Business
    • What is it worth? When to get a Valuation.
    • Determining the right exit strategy or buyer for your business
    • What is Goodwill and how is it determined?
    • 3 Things You Can Do to Build Value In Your Business to get ready for sale
    • How to get your business ready for exit
    • Professionals to help you build your strategy
  2. Exit Strategies:
    • ESOP
    • Market Sale
    • Gradual Sale
    • Transfer Ownership
    • Liquidation, Bankruptcy, Closure
  3. Getting Ready for Transition
    • Preparing your strategy
    • How to Prepare Your Business for Transition
    • How to Prepare Yourself for Transition
    • Getting Employees Ready for new owners

Learner Outcomes

Attendees will gain an understanding of:

  • Business Valuation, what is the company worth?
  • What is goodwill and how does it affect the sale?
  • What are the various ways of exiting the business?
  • What does the sales process look like?
  • What professionals will I need to help sell my business?
  • How do I get my business ready for sale or exit?

Notes

A Public Service and Outreach Unit of the University of Georgia. Funded in part through a Cooperative Agreement with the U.S. Small Business Administration. All programs of the UGA SBDC are open to the public on a non-discriminatory basis. Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance.

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Enroll Now - Select a section to enroll in
Section Title
Building an Exit Strategy for your Business
Type
In Person
Days
W
Time
10:00AM to 11:30AM
Dates
Jul 27, 2022
Schedule and Location
Contact Hours
1.5
Hosting Center
  • UGA SBDC at Kennesaw State University
Course Fee(s)
Registration non-credit $39.00
Section Notes

This is a hybrid class. You have the option to attend in-person or via the zoom webinar link provided. You will be asked upon registration whether you plan to attend in-person or virtually via zoom.

All programs of the UGA SBDC are open to the public on a non-discriminatory basis. Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance. Contact Carole Arnold at Kennesaw@georgiasbdc.org or call 470.578.6450.

 

 

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