To sell or pass the business to your child(ren)? And what if there’s no heir apparent but you’re nearing retirement? At some point, every business owner must answer that question. The sooner you think about it, the better equipped you will be to enjoy the retirement you envision for yourself.
Floral industry financial consultant Paul Goodman, CPA, PFCI, of Floral Finance Business Services in Jenks, Oklahoma, will walk through the essential steps a business must follow before selling or passing the business to the next generation during “What’s Your Exit Strategy?” at SAF Maui 2016, the association’s 132nd Annual Convention, Sept. 21-24, at the Ritz-Carlton Kapalua in Maui.
Goodman will impart his professional expertise on calculating fair market value, analyzing offers funding your retirement. In addition, he’ll moderate a panel of floral industry members who’ve experienced business exit strategies firsthand: Carol Caggiano, AIFD, PFCI, of A. Caggiano Inc. in Jeffersonton, Virginia, who sold the family flower shop after running it for 37 years; Martin Meskers, AAF, SAF President, and his son, Tyler Meskers, of Oregon Flowers Inc., in Aurora, Oregon, who have just started the management succession process, and Kyle Brown of Lone Star Group in Austin, Texas, who has witnessed ownership succession from the other side, after purchasing several flower shops around the country.
This program is among the 38 idea-packed programs at SAF Maui 2016. Hurry! Register for SAF Maui 2016 by Aug. 19, and save $205.