Changing Owner Outcomes in Texas

EVENT RECAP FROM THE 2018 OWNERS FORUM AND THE RELEASE OF NEW LOCAL RESEARCH

 

Quick Recap: 2018 North Texas Owners Forum

The 2018 North Texas Owners Forum was a full-day educational event for business owners and their key partners to hear from award-winning industry leader, Christopher Snider, and a panel of local experts and leaders in the fields of business strategy, exit planning, succession planning, and marketplace trends. This event attracts 100+ entrepreneurs and established owners every year to learn and grow their understanding of how to create an attractive and ready business so that they can exit when they want and on their own terms.

Addressing these issues through Value Acceleration, is a group of advisors in North Texas part of the Exit Planning Institutes NTX Chapter, the Owners Council. These advisors released the results of the NTX SOOR at the North Texas Owners Forum on October 11. This group of advisors along with many Certified Exit Planning Advisors across the Texas market, are armed with the tools and expertise needed to help an owner grow value and position themselves and their companies for a successful transition so that these owners can flip the equation and change their outcome.

 

What is the State of Owner Readiness?

The State of Owner Readiness™ (SOOR) Survey is a research study that collects business attractiveness and owner readiness data from? the middle market on a national level. This information is powerful and from that first national survey, conducted in 2013, the movement has taken off. This release marks the first regional research EPI will release this year!

This research was a collaborative effort of many partners and organizations in the North Texas market. Thank you to our valued partners BNY Mellon Wealth Management, Mobius Financial Advisors, B2B CFO, Global Atlantic Financial Group, Murphy Business Sales, Rockgate Financial Partners, Dailey Resources Inc., Insperity, Salmon Sims Thomas, Dumas Capital Partners, Clark Hill Strasburger, Montgomery Coscia Greilich LLP, and Vistage for your leadership, expertise, and insights.

 

Thank you to the North Texas Council Partners.

 

The Exit Planning Institute (EPI) is an education company that provides exit planning education to advisors and middle market business owners.  We view exit planning as a strategy, not an event.

EPI leads the professional services profession with the best industry content, ongoing support, and owner education platform, all of which align with our mission: Change the outcome.

Only 2 out of every 10 businesses that come to market actually sell.  We want to increase the number of saleable businesses.

Only 30% of family businesses successfully transition to the second generation, only 12% transfer to the third, and the success rates diminish from there.  We want to improve those intergenerational transitions.

Of those that succeed in the sale of their business, 75% experience “profound regret” within one year of exiting their business.  We want to understand why and create strategies that achieve profound success, wealth, and satisfaction.

EPI is an education company, powered by an elite community of top advisors and owners, all focused on creating a valuable, transferable future for the business marketplace.