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Exiting Your Business | Workshop

OCEAN Programs

Thursday, October 17, 2019 from 6:30 PM to 9:00 PM (EDT)

Exiting Your Business | Workshop

Ticket Information

Ticket Type Sales End Price Fee Quantity
Workshop Participant Oct 17, 2019 $75.00 $6.20
Additional Workshop Participant (same company) Oct 17, 2019 $25.00 $3.16
Donation Oct 17, 2019 Enter donation ($)

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Event Details

Event Details

 

Thinking about exiting your business?  Ready for a new career or new pursuits?  Is retirement nearing and you’re trying to determine how best to change hands –– sell and leave your business altogether, sell it and stay onboard for a while, pass it along to family or employees? What are your goals, both financially and personally, and how do you make sure you’re doing what’s necessary to meet them?

 

What You Will Learn:  

  • How to plan ahead to exit and accomplish what matters most to you
  • Strategies and thinking behind successful timing, pricing, and selling processes
  • The ROI of exit planning –– why you need a detailed plan
  • The role played by personal, business and marketplace issues in your decision-making
  • How to best position your business –– optimize its value, keep key employees, etc.
  • How to look at your business from a buyer’s perspective
  • Management Succession –– What are the Five Stages of Leadership and why they matter
  • Identifying, retaining and compensating key managers during the transition 
  • Capital Succession –– Do you need Replacement Capital and Growth Capital 
  • Ways to handle customer retention, employee morale, marketplace position, etc.
  • Steps in the transition process
  • Who needs to be involved and when –– legal, accounting, financial advisor, shareholders, customers, vendors/suppliers, family, the business community, the local community
  • Who are your potential buyers, and the issues arising with each type, including:
    • Family succession
    • Management buyout
    • ESOP
    • Private equity or other financial buyer
    • Strategic buyer
  • Why Common Core Values and Alignment between Management, the Board, and shareholders matter in succession planning 
  • Forming an Advisory or Fiduciary Board

 

 Who Is It For:  

  • Owners and founders of any small-to-medium business, or startup organization whose name and presence are closely tied to the company
  • Businesses of any industry –- manufacturing, consumer goods, professionals, healthcare, etc.
  • Individuals who have spent a lifetime building their business and wish to leave a legacy of success
  • Entrepreneurs who thrive on starting and successfully selling multiple businesses in their lifetime
  • Businessowners who want to carefully consider all angles of a successful business exit

 

 Tools You Will Receive:

  • Calendar/timing to add value to your business and prepare for your successful exit
  • Actionable steps for creating an Exit Plan
  • Steps to analyze financial and ROI scenarios

 

 Cost:

  • $75 per participant. $25 for each additional participant from same company. Includes attendance at live workshop plus access to video recording of the workshop.
  • Moneyback Guarantee – if you are not 100% satisfied with this workshop, OCEAN will refund your participation fee, no questions asked.
  • Can’t make workshop date? Sign-up and get access to all materials plus video recording.
  • Want to sign up for all 9 OCEAN Master Series Workshops in 2019? Click here to register!

 

Master Subject Matter Experts:

John C. Lame

Founder and CEO of Lenox Wealth, John established and continues to oversee the investment advisory firm’s innovative, relationship-based, fee-only business model that since 2004 has served a vast and ever-growing clientele of individuals and couples, many from the P&G, Scripps, GE and Kroger communities. John leads a team of proven professionals with outstanding expertise who share his understanding that life and wealth drive one another, and who see their role as providing the visionary guidance that moves clients to a completely different mindset and expanded perspective — a needed shift for attaining the broader opportunities that mean living one’s best life in today’s economy.

John began his business career with P&G in 1979 where he spent 12 years in financial roles, including Finance Manager, Senior Financial Analyst and Senior Cost Analyst. In 1991, John joined Merrill Lynch as a Financial Consultant and specialized in working with high net worth individuals and their families. In 1997, John and his team affiliated with J.C. Bradford where he was named partner. When J.C. Bradford underwent acquisition by UBS Paine Webber, John was named Senior VP and then Chairman’s Club member, one of the firm’s top 200 financial advisors in the United States. In 2004, a self-professed bigger thinker, John launched Lenox allowing him the flexibility to bring more to the table and better serve his clients at all stages of wealth and life.

John is a Certified Exit Planner Advisor (CEPA).  Earned through the Exit Planning Institute, the CEPA designation enables those certified to more broadly serve business owners by integrating succession planning into their business, personal, and financial goals.

John earned his B.A. in Business Administration in 1979 from the University of Cincinnati and his Masters of Business Administration in 1984 from Xavier University.  He has served as an instructor of Financial Planning and Investments at The University of Cincinnati’s Institute for Learning in Retirement, and he was a recipient of the Greater Cincinnati Foundation’s 2012 Bridge Builder Award. John’s community involvement has included being a member of the Board of Directors and Foundation Board for Ursuline Academy of Cincinnati and the St. Xavier High Finance Committee. He also has served on the Board of The March of Dimes, Cincinnati United Way, Christ the King Church, and Sigma Alpha Epsilon Housing Association.

Both John and his wife, Susie, are native Cincinnatians. They have four children – Anne, Katie, Libby and Jay – and four grandchildren.

 

Ben F. Wells

Ben Wells is a Partner in Dinsmore & Shohl’s Corporate Department, leads the firm's Fringe Benefits Committee and is the former head of the Firm’s Tax, Benefits and Wealth Planning Practice Group. Over a period of more than 25 years, Ben has advised and counseled clients on a full range of issues relating to employee benefits, executive compensation and business succession planning.

Ben works with employers of all sizes, both public and private, to assist with the design and implementation of their qualified and non-qualified retirement plans, including stock option, deferred compensation and incentive plans. Ben advises boards of directors and compensation committees on senior executive compensation, including the requirements of Sections 162(m), 280G and 409A of the Internal Revenue Code. Ben also represents senior executives in the negotiation of employment, incentive, change in control and severance agreements.

Ben is also a nationally recognized authority on employee stock ownership plans (ESOPs), and is a frequent author and lecturer on ESOP issues. He counsels ESOP trustees, fiduciaries, sponsors and lenders on the requirements of the Internal Revenue Code and ERISA as they relate to ESOPs and also in the use of ESOPs as tools of business planning and succession.

Ben has received the Certified Exit Planning Advisor, or CEPA, certification through the Exit Planning Institute. The CEPA designation enables its participants to better serve business owners by integrating succession planning into their business, personal, and financial goals.  Ben is also a current member of the Board at Lenox Wealth.


Anne Lame Megerle

A principal at Lenox, Anne’s focus is serving as a Wealth Advisor to high-net worth clients. Not one to be satisfied with “what is”, Anne’s role allows her to apply her inherent creative vision, strategic planning and solid investment skills to each client’s financial well-being, constantly challenging herself and her team to deliver the forward-thinking ideas and watchful eye Lenox clients deserve. Her dedicated and thoughtful approach makes her a trusted advisor in both finances and in life.

Anne has certifications in financial planning (CFP), exit planning (CEPA), and divorce planning (CDFA). 

Anne is a Cincinnati native and an Ursuline Academy graduate. She graduated from the Farmer College of Business at Miami University with a Bachelor of Science in Economics and a minor in Finance and Political Science in 2004. Anne was recognized as a YWCA Rising Star in 2012. Today, she chairs the Finance Committee and Investment Committee for the YWCA. She also sits on the Hamilton County Commission for Women and Girls. 

Anne and her husband Steven live in North Avondale with their dog Coolidge.

 

 

 

Parking and building access instructions can be found here.

 

 


 

 

Master Series Workshop:

The Master Series Workshops are for small businesses and start-ups and conducted monthly by leading Subject Matter Experts (SME) in the Cincinnati area. Attendees will learn about cutting-edge topics while receiving in-depth knowledge, tools, and a digital playbook to help grow and manage your small business or start-up. Sign-up for the whole series or each ala carte workshop.

 

2019 Masters Series Workshops:

Have questions about Exiting Your Business | Workshop? Contact OCEAN Programs

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When & Where


OCEAN Programs
1100 Sycamore Street
Cincinnati, OH 45202

Thursday, October 17, 2019 from 6:30 PM to 9:00 PM (EDT)


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OCEAN Programs

Ocean is a non-profit that serves entrepreneurs by providing access to training, community, and a foundation of faith on which to launch new organizations. Ocean desires to help build healthy founders, teams, and companies. 

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