Discover how advisors to business owners, executives and professional practitioners can learn a methodology to guide clients from their current business/career to a new life of meaning and purpose.
- 1. Successful Transition Planning InstitutesCertified
Transition Planning Consultant ProgramIncrease Your Income by
Guiding Owners to Successfully Transfer Their Businesses to
NewOwnership and Create Dynamic, New Lives after Leaving Their
Companies
2. Business Transition Facts The aging of baby boomer business
owners is driving thedemand for transition planning 9.2 million
business owners in the United States are over50 years old An
estimated 8 million business owners will exit their companies over
the next 10 years 3. Business Transition Facts In the next five to
ten years, it is estimated that retiringbaby boomers will account
for 65 to 75 percent of allsmall businesses that will go up for
sale The equity in these businesses represents approximately
10trillion in personal wealth 60 percent of business owners between
the ages of 55-64have not discussed their exit plans with their
spouses orbusiness partners 4. Business Transition Facts 80 percent
of owners wealth is tied up in their companies 78 percent of baby
boomer business owners do not haveplans for how they will exit
their companies 5. Cardinal Points on The Transition Planning
Compassand Corresponding ProgramsClarityStrategic Thinking for Your
Personal and Business FuturesTransition Planning for Baby Boomer
Business OwnersPurpose OpportunityLiving an Exciting andDeciding
What You Want toPurposeful New Life:do with Your Business andSeven
Strategic Steps Creating a SuccessfulBusiness Transition Strategy
MeaningSeven Principles for Living a Life of Significance 6. Unique
Programs Based on latest scientific research about learning Both a
cognitive and emotional approach Methodological, step-by-step
format 7. Professional Certification for: Psychiatrists
Psychologists Clinical social workers Marriage and family
therapists Educators and educational administrators 8.
Comprehensive Approach To Transition Planning Personal Family and
relational Emotional Practical Financial Organizational 9. 5
Modular Transition ProgramsThinkLiveDecide Adapt Discover 10. Step
One: THINK Owners have created an identity with their businesses.
They are frozen whenever the idea of exit planning is brought up.
Because of transition-related fears, they cannot wrap their minds
around the thought of leaving their companies.Strategic Thinking
for Your Personal and Business Futures:Transition Planning for Baby
Business Owners The program of on-line surveys and one-to-one
coaching helps ownersbecome emotionally and psychologically
prepared to think about what they are going to do with their
companies. 11. Step Two: LIVE Owners do not want to go into a void
when they walk out the door for the last time. They are afraid of
falling into a Retirement Rut or experiencing Post-Transactional
Stress Disorder. Living an Exciting and Purposeful New Life: Seven
Strategic Steps Program Helps owners avoid experiencing Sellers
Remorse by showing themhow to create exciting lives that are filled
with purpose. Theprograms step-by-step methodology shows them how
to live adynamic lifestyle and create operational and tactical
plans for allaspects of their lives. 12. Step Three: Decide Owners
have too much at stake to make a mistake. Their futures will be
determined by the decisions they make in what they are going to
dowith their businesses. They need clear, concise strategies to
maximizetheir returns, reduce risk and maintain their sanity in the
process.Deciding What to Do With Your Business and Creating and
Implementing a Successful Business Transition Strategy Stepping
back and creating a well-thought out plan for what to do with their
companies helps avoid the costly mistake of Owners Indecision, meet
their business and personal objectives and know what they need to
do to implement their successful exit strategies. 13. Step Four:
Adapt Owners, who are involved in an earn-out, recapitalization or
consulting contract,need to be successful in the second phase of
transitioning a business to newownership. Owners who have to stay
in the businesses that they sold often haveto watch while changes
are made to the company (their baby) that they havespent years
creating and growing. Many fear that they will feel that they
haveone foot out the door and the other foot is stuck in the door.
Successfully Transition from an Ownership to a Management Mindset
The program will show owners who have sold their companies how to
successfully transition from the role of being an owner to the role
of being a member on a management team. During the sessions, owners
who will be selling their companies will learn how to apply a new
way of thinking that helps them adapt to their changed position in
the new company and mentally move from having an entrepreneurial to
managerial team mindset. 14. Step Five: DISCOVER A lot of owners
meaning comes from running their businesses and they cantimagine
what its going to feel like to no longer be part of it, to no
longer berunning things. They wonder where they can find new
meaning aftertransitioning out of their companies. Seven Principles
for Living a Life of Significance Program Move from a life of
success to a life of significance by showingowners how to create
meaningful lives 15. Testimonials from ClientsI worked with STPI to
create a game plan for myself especially pertinent to my
sixthdecade. Using STPIs planning process, I worked through a
number of issuesincluding where I want to live, how I want work and
career to factor into my future,and hobbies and volunteer
activities I want to experience and peruse. Creating agame plan was
a significant deliverable of the process. Im not boxed into
anythingbut appreciate having thought through various alternatives.
The written planprovides peace of mind and a touchstone to ensure I
am using my time and energyto fulfill my vision and live by my
values. -Joni Youngwirth, Managing Principal of a financial
broker-dealer companySTPI helped me build a bridge from my former
role as a business owner, to mytransitional role as a member of the
management team of the acquiring business, tomy future goala
productive and successful balance between work I enjoy and
asatisfying personal life. I can recommend STPI without reservation
if you are facingchallenges and change. -S. Z. Harris, Founder and
Former Owner of amedical reimbursement software company 16.
Testimonials from ClientsI enjoyed the time [working with STPI].
Got my mind and thinking focused. Thesessions got me unstuck. It
has been 5 months since I went part time and as ofFriday I am done
with [my former company]. I will no longer be on the payrollbut
will help them on a few issues in the next few months that will
still need alittle help. My summer has been terrific and I seem to
be busier than ever. I cantseem to do all that I want to. Did not
get enough sailing, biking or kayaking in thissummer but that is
OK. I have been following the plan STPI and I outlined andcould not
be happier.-Larry Shwartz, Former Co-owner of a large food
distribution companyThe Personal Transition Planning experience was
not only positive, it was alsoprovocative since it made me think.
Conversations in the sessions allowed me toget a clear vision of
myself, understand what I wanted to do and be able to forgea clear
path for my life. -Sam Palestine, Former Co-Owner of an office
supply company 17. Make Money by Helping Owners Transition Join
Refer Help 18. Contact Us to Get StartedSuccessful Transition
Planning InstituteHarvard Square119 Mt. Auburn StreetCambridge, MA
02138800.677.6715SuccessfulTransitionPlanning.com (Linkedin,
Twitter, Facebook)Jack Beauregard, CEO and
President:[email protected], 617.576.5728Paul Cronin,
Partner, Business [email protected],
978-749-9546,Twitter: @pfpcronin, Linkedin: pfpcronin, Facebook:
callpaulcronin
