FOR IMMEDIATE RELEASE – CANTILLON CLUB EVENT
CONTACT: Tod Fiscus
Transition360 Principals Honored as Expert Panelists at the Cantillon Club Event
Seattle, Washington (October 2nd, 2018) – The Cantillon Club will be hosting an exclusive event for business owners from around Seattle, Washington on October 24th, 2018. The event is open to qualified business owners. A limited number of tickets for purchase are available.
This quarter, Cantillon’s CEO & Business Owner Networking Event will focus on Business Exit Planning. It will be an exciting evening affair. Guests can look forward to the local award-winning wine, treated to draft beer and delicious catered food. Above all, the event is an opportunity for business owners from different industries who share common challenges. Business owners can connect with each other by networking. What’s more, each will learn from a knowledgeable panel of experts on relevant topics.
Executives from the Seattle-based Transition360 headquarters including Tod Fiscus and Dan Stone, principals at Transition360, have been honored with the privilege of being guest speakers and expert panelists. “It seems likely that this will create an opportunity for business owners to gain real-world experience due to the eventual succession or sale of their businesses. Participants will learn more about the exit-strategy planning, preparation, and sale process,” said Dan Stone.
The Importance of Business Planning
Mr. Fiscus expressed what he hopes to achieve as a panelist. “First of all, Transition360 believes that the Exit Planning process should be a line item on your annual strategic planning session agenda. If it’s not, it’s typically due to the lack of knowledge around how to plan for a successful exit. Or, it may be due to fear of what one would do after selling. As a result, it’s next year or 10 years from now. Understanding how selling a business are currently working in your industry is imperative. Business owners should know how they’re being financed, what needs to be modified before changing ownership legally, and what the typical expectations are after the sale takes place. Also, aspects of a transition are continually changing over time. So, we will discuss that topic as well.”
“Likewise, we spend so much time building our business plan. We tend to spend less time or no time building our exit plan. By having a short conversation, we can get you pointed in a direction that might double the value of your company when you’re ready to sell. We hope to share why you might think about incorporating an exit plan at the Cantillon Club Event this year.”
Allocating time to design a plan is a challenge for most owners until an unsolicited offer or health issue comes up. Furthermore, strategic business transition planning has proven to be a critical part of successfully maximizing verifiable value. With proactive attention put on seeing through the eyes of a buyer, the process can transform a business by reducing risk while creating an attractive acquisition target.
The Cantillon Club Event facilitates engaging and relevant business matters. The opportunity to have face-to-face interactions and discussions focus on the 5% of issues business owners can’t talk to most people about.
Doors will open at 5pm for one-on-one networking opportunities. “Happy Hour” with the panelists, guests and business owners begin shortly thereafter. A Q&A is presented by moderator Craig Engelbrecht (General Manager, LONG Building Technologies). Panelists include Arti O’Brien (Owner/President, Advanced Government Services, Inc.), Gladys Gillis (CEO, Starline Luxury Coaches), Jason Totedo (Chartered Financial Advisor, AGP Wealth Advisors), and Transition360 principals Tod Fiscus and Dan Stone. The Panel Conversation will conclude with more food, beer, wine, networking and an opportunity to meet the panelists.