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Succession and Exit Planning Best Practices for the Green Industry

Session Description:

 

According to the Exit Planning Institute, 75% of business owners who exited their businesses profoundly regretted it within a year. 98% of owners feel that succession and exit planning are important, yet 83% have no transition or exit plan. You've worked hard to build wealth and assets but sustaining them over the long term requires strategic planning, whether transferring to a family successor or a third-party buyer. Get ahead of ownership and leadership changes. If you want the value of your business to grow and remain intact for your successors or achieve a higher selling price, begin the planning process sooner rather than later.

  • You will learn the following:
    • The personal, business, and financial readiness, gaps to watch, and the tracks to maximize business value and your return.
    • Why and how choice valuation methods and financing options impact succession and exit planning.
    • Leading practices and strategies to ensure your legacy isn't left up to chance.

This session will examine preparation, planning options, and transitional strategies, especially in highly owner-centralized companies. We will also touch on business continuity planning. It will also address your personal and emotional readiness and review actions you can take today for you and your business to become more transition ready.

 

Speaker Information:

 

Chris Cimaglio, CEPA, Certified Value Builder, MBA

Chris has been part of the Consumer Products, Lawn & Garden, and Horticulture industry for over 30 years. As the former leader of a multi-generational family-held company, he closely defined the business ownership succession, gaining deep insight into the legal, financial, strategic, and emotional challenges of multiple family stakeholders. Chris is a CEPA (Certified Exit Planning Advisor) and an approved ExitMap® Plan Advisor. The CEPA® credential is the world's most widely endorsed exit planning designation. He is also trained and approved in exit planning by The ExitMap® organization. Chris is a member of the AmericanHort and the NHPA. In addition, he has authored many articles on succession and exit planning. He has been a speaker and seminar host multiple times at Cultivate, Hardware Co-op Events, and the GROW Executive Conference.

The Pennsylvania Landscape & Nursery Association (PLNA) is the leading trade association representing Pennsylvania's $6.8 billion green industry. Its member landscape contractors, retail garden centers, wholesale nurseries and greenhouses produce outdoor living environments that improve economic value, air quality, water quality and human health.