Gravitate to Cultivate and Attend Our Seminar on Exit Planning
The Horticulture Industry is not getting any younger, and according to recent surveys, 80% of business owners have no transition plan or have not documented or even communicated a succession plan. It gets even more complicated when no family members are ready or willing to take over the business. What is clear is that the best business transitions begin early and go smoother when there is a team of people working in tandem to maximize the value of the business and enhance it for a change. We will look at preparation and planning steps, as well as value-building, optimizing, and transitional strategies to use when there is no family or heir apparent to take over the reins of your operation.
Attend the “Succession Planning When There is No Succession” Seminar on
Sunday, July 11, 2021, at 2:30 PM in Room A213.
According to Chris Cimaglio, a Managing Partner at BEST Human Capital & Advisory Group, “An Exit Planning Institute report found that over 75% of business owners who have sold their business profoundly regret it within a year after the sale, so exit planning needs to take into account both the transactional and emotional aspects involved in leaving your business. We will address your emotional readiness and review actions you can start to take today that will make your business and you more transition-ready.”
“It is hard to transition when no one is in place to take over, but that doesn’t mean the planning should stop. In fact, it is more important than ever to get started. The events of this year have affected professionals and owners, with many choosing to retire early. As a result, we are currently experiencing an increase in both succession and exit planning in the horticulture industry,” states Todd Downing, a Managing Partner at BEST.
Our own Michael Maggiotto, Jr., PHR, SHRM-SCP, Sr. Human Capital Advisor, and Head of HR Advisory at BEST will also be conducting two On-Demand Seminars during Cultivate’21. One will focus on the hot topic of industry compensation, “Common Sense Answers About Employee Compensation and Total Rewards.” The other will focus on “Wins, Risks, and Remedies: Simplifying Human Resource Processes & Protecting Your Business From Risk” – a timely topic in the face of so many HR challenges and changes happening within the industry.
Connect with The BEST Team IN PERSON at Cultivate’21! Their focus will be to make themselves available to meet with leaders wanting to discuss their executive hiring, succession planning, and/or restructuring and turnaround needs for their company. With decades of experience in corporate management, sales, marketing, human resources, and business advisory BEST specializes in talent acquisition and management consulting for the horticulture industry.
If you represent a company with executive hiring, restructuring professional, or succession planning needs, please make an appointment to meet with us anytime throughout the show.
Contact us today, and may you have a great Cultivate’21!
Download our Best Overview to learn more about the BEST Human Capital & Advisory Group and why there is a better way!
We look forward to seeing you in Columbus at Cultivate’21!