The Succession & Exit Planning Workshop

The workshop will take place over (3) Wednesdays in November, with each day having a different theme of Discover, Prepare, and Decide. Each session will be 1 hour to 1-1/2 hours with breaks in between.

Wednesday, November 9, 2022 – 9:00 AM to 1:00 PM

PREPARE

Session 1: Business Continuity Planning

Where are the passwords? Disaster planning for fire, flood, weather events, and infrastructure failure is just common sense in most organizations. Many such plans lack actionable information for when the owner isn’t available to lead, manage, and coordinate everyone else’s effort. An owner’s death or disability frequently leads to the failure of a business, with repercussions for family, employees, and customers. We will review critical information needed to keep the company operating in the short term, as well as longer-term continuity planning. 

Session 2: Business Value Acceleration & Optimization

This is when owners transition from working in their business to working on their business, which can be very rewarding. In this session, we will learn the five stages of value maturity and the four “capitals” that account for 80% of a business's value— human, customer, structural, and social capital. As you address each stage of value maturity and focus on the four capitals, your personal and business wealth both grow. This is where we fill the wealth, value, and profit gaps that will lead to a successful family succession or business sale.

Session 3: An Owner’s Journey

You will hear firsthand from your peers during a special roundtable and Q&A with two growers taking different succession and exit planning paths. One is a major tree grower in the South who is planning a family succession to his son, and we will hear from both father and son about their challenges and the progress they have made along the way. The second is a grower in Washington state, with no family succession, that has gone through the value acceleration process and is now working with a business broker to sell to a third party.