Issue link: https://nebusinessmedia.uberflip.com/i/515946
28 Worcester Business Journal • May 25, 2015 www.wbjournal.com Open for Business. < Small You work hard. You weren't handed anything. You're proud of what you're building and who you are. But like anyone, you need smart friends to guide you on the right path. At Fidelity Bank we pride ourselves on being that smart friend. Small business banking at Fidelity Bank provides personal a en on, big-business exper se, in-branch service, and access to the full capabili es of our cash management professionals. Isn't it me you got more from your banking rela onship? Speak with our Small Business Specialist Jen Conrad, or any of our Branch Managers to see what a free LifeDesign® discussion can do for you! www.fidelitybankonline.com | 800.581.5363 FITCHBURG • GARDNER • LEOMINSTER • MILLBURY • SHIRLEY • WORCESTER Jennifer Conrad SVP, Small Business Specialist 508.762.3608 Marketplace Multiples Exit Planning to Increase Value To register to attend the seminar, please contact Jenn Moore at jenn.moore@rocg.com or call 617-412-4640 FEATURED PRESENTERS Terence Shepherd is the Boston office Partner for ROCG, international consultants to small and medium-sized family owned enterprises, specializing in business exit and transitions. J oin Terry Shepherd of ROCG and Chris George of George & Company for a discussion on how to properly plan for your exit/transition out of your business, maximize your exit value, ensure the business remains sustainable through the exit/ transition and review the options that are available to you. The skills you've used to build your business are completely different than the ones you'll need to successfully transition it, whether you intend an internal transfer or to sell for the highest dollar. If you want to be able to enjoy the retirement you've worked so hard to earn, you must have a plan. At this seminar you'll learn about how to ask and answer a series of key questions that will help you build a solid exit plan. You'll also learn why transition planning is so critical to your success, and… • How you have the power to increase the value of your business to meet your personal lifestyle objectives before you put it up for sale • How to avoid being one of the 6 out 10 business owners whose exit is unsuccessful Some critical facts that will affect how well you transition your business: • There are 12 million "Baby Boomer" business owners heading for the exit in the next decade and the generation behind them has 10 million less people, meaning there will be many more sellers than buyers • Only 1 out of 10 businesses that go up for sale actually sell • Unprepared for the transition, depression hits over 60% of all retirees within the first three years of stepping out of their business If you are thinking of exiting your business the time to start preparing is now! A minimum of 2 to 5 years is needed to ensure you meet your personal lifestyle objectives. Terence Shepherd, CM&AA, CPA, MST Partner and founding member, ROCG Christopher R. George President, George and Company Christopher R. George is the president of George and Company and a business appraiser, broker and consultant specializing in the valuation, sale and financing of closely held companies. He has performed over 2,000 business appraisals, valuations and sales. REGISTER TODAY! THURSDAY, JUNE 11TH Sheraton Framingham Hotel THURSDAY, MAY 28TH Double Tree Hotel, Westborough Time: 7:30 – 9:30 AM