The Life Cycle of a Design Firm - Part 2: "What's Your Exit Strategy?

{"version":"0.3.0","atoms":[],"cards":[],"markups":[["strong"]],"sections":[[1,"p",[[0,[],0,"Ownership transition is something every design firm owner should plan and prepare for long before it happens. Do you have a clear understanding of your personal and business goals? Have you hired\/groomed\/identified the next generation of owners within your firm? Are you teaching identified successors about ownership and leadership and preparing them for that role? If an external buyer knocks on your door, is your firm positioned to sell? Understanding your ownership succession options and preparing behind the scenes to implement your chosen strategy positions you and your firm for long-term success."]]],[1,"p",[[0,[],0,"LEARNING OBJECTIVES -"]]],[1,"p",[[0,[],0,"1. Understanding the similarities and differences between internal and external ownership transitions."]]],[1,"p",[[0,[],0,"2. How to identify and groom the next generation of owners."]]],[1,"p",[[0,[],0,"3. What happens to your firm if you are hit by the proverbial bus tomorrow?"]]],[1,"p",[[0,[],0,"4. Pre-Sale Housekeeping: Are you regularly reviewing financial statements and profit margins? Are your corporate documents up to date? Is your firm properly registered and licensed in all active states?"]]],[1,"p",[[0,[0,0,0,0],4,"PLEASE NOTE: We will be using the Zoom Platform for this webinar. The Chapter will email you the link to the program the day before. Please be sure your email system will accept the Chapter email address camille@aiacbc.org. Thank you."]]]]}