Is it possible to have a successful family business without sacrificing family harmony? Why do many family businesses fail to make a successful transition from generation to generation, and what principles have helped family businesses beat the odds and find “success” in succession? This program will present a comprehensive Six Step Transition model for family business planning. This model has helped hundreds of family businesses balance the often-conflicting goals of business prosperity, family harmony, and personal well-being.
Learning Objectives:
- Learning how to implement the six-step model
- Recognizing the importance of collaboration with other professionals and the roles they play
- Understanding the role of family dynamics in the succession process
About the Presenters:
Hear from industry expert Dr. Lee Hausner, Co-Founder IFF Advisors. Moderated by Kathleen Tepley, Founder and CEO Los Angeles Consulting Group.
Thank you to our Sponsors
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Event Details
Who Should Attend?
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CPAs/Accountants
Owners participating in the State of Owner Readiness research continue to indicate that you are the No. 1 "Most Trusted Advisor." You are a natural fit to lead the exit planning team and deepen your relationship (and retention) of next generation owners.
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Attorneys
You have close relationships with clients, and can benefit from being the first advisor to introduce the idea of exit planning.
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Wealth Managers
You’re a skilled relationship person. Being entangled into your clients’ professional lives matters as you build a strategy to manage their wealth upon them harvesting it from their business. Exit planning allows you to build a deeper relationship with your client, expands your COI network, while giving you an early seat at table well before the liquidity event.
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Valuation Analysts
Valuation is both a billable engagement AND an opportunity to provide owners some perspective on how to accelerate value drivers (and deal with value killers). Use exit planning to make that valuation into a longer term value acceleration engagement.
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Financial Advisors
One of the critical ‘legs of the stool’ is personal financing planning. An owner must have a strong financial plan & contingency plan post-transition to enable them to thrive in the next act of the lives personally and financially. Exit planning brings this future mindset into the present. Exit is now.
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Investment Bankers
Only 2 of every 10 businesses that come to market actually sell. Learn how exit planning can bring attractive AND ready business to your purview.
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Estate Planners
Exit planning is a natural fit for estate planners who want to operate more holistically with their owner clients.
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Strategic Consultants
One of the most critical roles in exit planning is building transferable value. Strategic consultants have the ability to expand options and drive rapid business value that affect performance today.
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Insurance Professionals
Exit planning addresses the 5 D's. So do you. Approach the risk conversation differently with exit planning.
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Mergers & Acquisition Advisors
Proper exit planning causes less deals to fall through at the last minute. Connect with CEPAs to build your healthy deal flow network.
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Commercial Lenders
One of the best relationships a business owner makes is with their banker. How can you help your corporate clients think about the future and ensure financial continuity? Answer: exit planning.
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Family Business Advisors
More than 50% of lower middle market business owners would prefer to transition to the next generation. Help them succeed with exit planning strategies.
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Other Professional Advisors
Regardless of your unique specialty, there is seat at the exit planning table for you. Learn more at www.EarnCEPA.com.
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Private Business Owners
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Members of Family Business Boards
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Professional Advisors
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Business Consultants
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Other Business Professionals
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Business Owners
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Business Owners & Their Trusted Advisors
EXIT PLANNING IS GOOD BUSINESS STRATEGY
The Exit Planning Institute, provides Financial Advisors, Accountants, Consultants, and other advisors of business owners with the critical education to differentiate themselves and add value to their existing client relationships through a credential, conference, courses, and content. Download the CEPA brochure for more information.
ABOUT THE PRESENTERS
Meet Lee Hausner:
Dr. Lee Hausner is an internationally recognized psychologist, business consultant, seminar leader, and keynote speaker. Dr. Hausner was the senior psychologist for the Beverly Hills Unified School District, during which time she authored the seminal work regarding wealth and the family, “Children of Paradise... Successful Parenting for Prosperous Families” She has co-authored with Douglas K. Freeman, J.D. “Legacy Families...The Definitive Guide to Creating a Successful Multi-generational Family” and “A Founder’s Guide to the Family Foundation”. Most recently, she contributed chapters to the resource books, “Wealth of Wisdom, the top 50 questions wealthy families ask” and “More Wealth of Wisdom” and a chapter in The Stewardship of Private Wealth.
Dr Hausner co-founded IFF Advisors, a consulting practice providing services for high-net-worth families, family businesses, and family offices. She incorporated a unique six-step transition model for effective succession of family businesses in her critically acclaimed family business resource book, “Hats Off to You ...Balancing Roles and Creating Success in Family Business Succession.” Hausner assisted both California State University, and USC in creating their Family Business Forums. “Hats Off To You” was the curriculum guide for the USC program. Her expertise is dealing with relationship issues and joint decision-making challenges facing families who own shared assets, whether it is an operating business, family office, or foundation. She has been a guest speaker for family business programs throughout the country.
A frequent guest on national media, a quoted expert in national publications, and a keynote speaker for high-net-worth private client conferences for the major financial institutions domestically and internationally, she is also a highly rated resource to YPO, WPO, CEO, EO, Tiger 21 and was a presenter at the Davos Economic Forum in Switzerland.
Dr. Hausner lives in Los Angeles, California.
Meet Kathleen Tepley:
Kathleen Tepley is the Founder & CEO of Los Angeles Consulting Group (LACG), an international business development practice primarily serving family offices, closely held operating businesses, philanthropic foundations, and differentiated service providers in the private capital markets. LACG hosts two different business development advisory practices, both managed by Kathleen.
LACG’s network enhancement practice proactively provides clients with strategic counsel and timely, curated introductions to relevant business partners within LACG’s ecosystem. Through LACG’s event production practice, Kathleen and her partners conceptualize and produce public and invitation-only private events for the global private capital community designed to enhance awareness of the client’s brand (the Lido Family Office Investment Symposium based in Beverly Hills and Santa Monica through 2010 – 2019 which was co-supported and co-produced by LACG, for example). In 2021, after supporting the Family Office Association out of Greenwich, Connecticut in 2018, she joined as the Managing Director for the next phase of growth for the organization.
Kathleen’s business partners appreciate her for her personal warmth, her tireless dedication to their success, and her sterling reputation within the industry – but most importantly, they appreciate her for her ability to convert genuine, empathic connection with other human beings into sustainable, mutually beneficial personal and professional success stories. She has a long history in charitable giving and volunteer positions. Kathleen and her firm are active advisory members and participants within other Exit Planning Communities, such as the Conejo Valley and Greater Los Angeles EPI Leadership Committees, and the family office community, such as The Global 51 (TG51) and Global Family Office Community (GFOC) organizations.
