Evaluating Transition Options
You’ve invested the sweat equity, the emotional equity and took the financial risks in order to grow a profitable business. Now it’s time to think toward the future and plan ways to optimize the value of your life’s work so that you can finish strong.
Evaluating Transition Options (ETO) is a multi-session Institute that allows you to explore the different transition options available and to consider the right choice for your business.
You’ll hear firsthand transitional experiences from featured speaker, Pete Settle, while our expert presenters take you through the process of evaluating the best transition for you.
- Session 1 - During the first session, you’ll explore the different transition options and go through a funnel exercise designed exclusively for this program to assist you in understanding the options that align with your needs.
- Session 2 - Every type of transition has certain variables that need to be considered and carefully weighed. You’ll take a deeper dive into the process of both internal and external transitions and identify the areas that can impact your decision making.
- Session 3 - Through a series of calculations, you’ll understand how the value of your business will help meet your specific goals for the future and then leave with actionable steps that can guide you through the transition of your choice when the time is right for you.
This hands-on program is held in an intimate setting, with a maximum of 20 companies attending.
You, and your spouse/partner, will come together with other business owners in a round table learning environment with the opportunity to breakout for confidential discussions.
By the end of the workshop you will:
- Understand the best of three transition options for your business
- Learn what each transition process looks like
- Calculate and connect your personal financial goals to each option
- Identify strategies that will increase the value of your business
If you enroll:
Who should attend: Owners of family and private businesses and their spouse/partner. Open to members and non-members.
Where: Rookwood Exchange, 3825 Edwards Rd, Cincinnati, OH 45209.
When: ETO consists of three, half-day sessions, from 8:00 a.m. to noon.
- Pete Settle is Managing Director at Goldner Hawn Johnson and Morrison, a lower middle market private equity firm, based in Minneapolis. Prior to joining GHJM in 2015, he was Managing Director and CEO of National Express Transit Corporation, a division of London listed National Express PLC. He joined National Express in May 2012 after its acquisition of Petermann, where he was founder and CEO. Petermann, the 4th largest US school bus service provider, operated over 3,800 buses in 10 states. Prior to founding Petermann in 1999, he was Senior Vice President of Marketing for Toronto listed Laidlaw Inc. Mr. Settle is both an Electrical Engineer and Attorney. He is a director on several company Boards including Stellar Materials, Quest Events and North American Central Bus.
- Mark A. Signorelli is the Managing Partner of Cincinnati Growth Partners LLC, which has been serving regional companies for over 18 years. Mark leverages his 30 years of strategic and financial management expertise to lead clients through Optimizing their Transition Options, including Family Business Succession. Mark's steeped experience in succession planning enabled him to be a co-architect of the Next Generation Institute, which is the flagship Goering Center offering. Mark is an accomplished public speaker, and actively leads his clients through the strategic issues they may not be able to resolve on their own. Mark holds both BS and MBA degrees from the University of North Carolina, with concentrations in International Finance and Marketing. In addition to participating in several community and church sponsored activities, Mark is a member of the American Society of Appraisers (ASA) and served on the Board of Directors for nearly 10 years.
- Chris Ramos is Senior Vice President in the Middle Market Commercial Banking Group at Fifth Third Bank has worked with privately held businesses in Greater Cincinnati for more than 20 years. Chris has served as a presenter to the Goering Center's Next Generation Institute since 2002. Chris and his Goering Center colleague Mark Signorelli worked together to develop the 8 Steps to Family Business Succession, which forms the core of the Next Generation Institute curriculum. Chris has also served on the Goering Center's Board of Advisors since its inception.
- Larry Grypp is former president of the Goering Center. Prior to joining the Goering Center, Larry held leadership positions with Western & Southern Financial Group, including serving as President and CEO of Columbus Life and Lafayette Life subsidiaries and chairman of Western & Southern's Capital Analysts, Inc. Earlier in his career, he was promoted to positions of increasing responsibility with MassMutual Financial Group, concluding his tenure as Executive Vice President of MassMutual's core business, Insurance and Financial Management. He has been a Trustee of Mercy Health since 2014. Mr. Grypp is a past board member of Cincinnati's Catholic-Inner-City Schools Education Fund and of the city's Convention Facilities Authority. He has served on the boards of numerous organizations, including the University of Cincinnati Economics Center and the Cincinnati USA Regional Chamber of Commerce.
Thank you to our Corporate Partner Sponsors: HORAN, MCM CPAs & Advisors and Schueler Group.