Exit planning is becoming one of the fastest growing industries due to the staggering number of Baby Boomer business owners set to transition their businesses over the next five to ten years. To ensure local owners achieve their goals, a collaborative group of Conejo Valley leaders are coming together to launch a chapter to educate the marketplace and connect them with action-creating education.
Westlake Village, CA – The Exit Planning Institute™, in cooperation with a collaborative team of top advisors and leaders from the Conejo Valley marketplace, are joining forces to launch the Exit Planning Institute Conejo Valley Chapter on Thursday, July 30, 2020 hosted virtually on Zoom.
This local faction is different than many other networking professional organizations in the market. The EPI Chapter is cross-functional, meaning that it attracts and engages advisors, experts, thought leaders, media, and business owners from diverse backgrounds to engage in exit planning and value acceleration education that can ensure the continuity of the local marketplace and improve the success rates for transitioning businesses as they look ahead to the future.
As evident in the vast amount of recent research studies, including the State of Owner Readiness™ Survey, the U.S. landscape is set to transition six million businesses over the next 5-10 years. Baby Boomer business owners are reaching retirement at a rapid rate, and these same owners own 66% of all companies in the U.S., it has been indicated that the majority have not accounted for their ultimate exit transition. This means that they are not prepared and will very likely fall subject to the statistic “only 2 out of 10 businesses that go to market sell” and run the risk of getting a lower price for their business than they need or even worse, won’t sell at all.
“My vision for the Conejo Valley Chapter is to create an environment that fosters a sense of community, collaboration and commerce among the professionals serving business owners, their families and their companies. A place where we can grow as professionals and ultimately be a catalyst to help our clients harvest the years of hard work and sacrifice to achieve their goals through business succession planning.”Joseph A. Seetoo, EPI Greater Boston Chapter President
With 66% of businesses coming to market over the next ten years, the economic implications have never been higher and the need for Baby Boomers to be proactive in their approach is key to seeing these valuable businesses change hands and keep them from closing their doors. This nationwide reality is addressed by these leaders and the EPI Conejo Valley community.
The EPI Conejo Valley Chapter will host monthly meetings and encourages your ongoing participation. Learn more at www.EPIConejoValley.org. If you are interested in more information or if you are an owner interested in attending, please reach out to the Exit Planning Institute at (216) 712-4244 for more options.
- Joseph A. Seetoo, CFA, CFP®, CEPA, Morton Capital Management
- Dennis Clapp, CFP® , J.P. Morgan Los Angeles Private Bank
- Esther Hopkins, J.D., Law Offices of Esther Hopkins, P.C.
- Eric Jones, J.D., Nevers Palazzo Packard Wildermuth & Wynner, PC
- Robert Kulle, Heritage Capital Strategies, Inc.
- Melisa Silverman, JD, CEPA, CVA, SBA, CMEA , The Founders Group
- Lior Temkin, CPA, MST, Singer Lewak
- Kathleen Tepley, Los Angeles Consulting Group
Explore the full network now.
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