When

Tuesday, March 12, 2019 from 6:30 PM to 8:30 PM EDT
Add to Calendar 

Where

Hockessin Free Library 
1023 Valley Rd.
Hockessin, DE 19707
 

 
Driving Directions 

Contact

Fred Lentz 
Delaware SCORE 
(302) 757-4293 
frederick.lentz@scorevolunteer.org 

Mature Business Strategies

Retirement Planning

A "ProPel' Workshop Event 

 

The statistics on businesses surviving through multiple generations are staggering. Just making it through the second generation is a milestone event for a business. Making it through the third generation is rare and making it to the fourth generation is almost unheard of. The good news is business owners can buck these trends with proper planning. 

This three – part series will help you plan as your business matures.   The three sessions cover 1) Succession Planning, 2) Retirement Planning and 3) Estate Planning.   This information is for the Second Session – Retirement Planning

Part 1: Succession Planning (February 12)

This workshop begins by helping entrepreneurs understand the steps to planning for the eventual transfer of the business. This includes knowing the value of the business, choosing and preparing the appropriate successor, and having it all in writing At the end of this section, clients should be prepared for a variety of business exit strategies both voluntary and involuntary ones.

Part 2: Retirement Planning

Once business owners have determined the next steps for their business and established their business’ worth, they can focus on the next steps in their own lives. In this workshop, we will discuss issues that arise with having your business be your retirement planning, and other options to save and provide for your retirement

Fee: Free

Part 3: Estate Planning (April 9)

Ultimately, this workshop will culminate discussing multiple future planning scenarios, including the difference between estate reduction, liquidity and equalization, and the planning documents needed to leave a lasting 

About this Series...

SCORE has partnered with MassMutual to equip mature business owners with guidance on how to plan for increasing the value of their mature business and eventually how to exit their business.  By taking into consideration succession planning, retirement planning, and estate planning, business owners can begin to develop a strategy to secure their future and the future of their business.  This program focuses on the tactical steps business owners can take now to create a plan for exiting their business smoothly.

 

Register Now!Instructor Bio:

Frank DeSantis Recently, a program director for a local business incubator that helped start-up companies, Grow their Business, Develop Business Skills and Create a Sustainable & Scalable Business Model.  A proven General Manager for a large national retail corporation who has combined customer focused, operationally driven, P&L accountability, plus strategic business development experience and customer relationship marketing management.to produce company recognized results in the Retail industry. 

Bob Jarvis .  As a business executive and senior manager in consulting, banking and e-commerce companies, Bob has led initiatives that dramatically improved product quality and customer satisfaction while reducing overall costs. As a U.S. Air Force officer a Master Black Belt at JP Morgan Chase,  Quality Assurance manager  at GSI Commerce (eBay Enterprise) and currently founder of Quality Enablement LLC, Bob has worked tirelessly to dentify and remove barriers to quality and worker productivity. He is  the author of the blog, “A Better Workplace …”.  

Bob Gorlitz Bob has 30 years with the Department of Defense and has held various positions within the material management and logistics community.  He directed property accounting for 187 accounts throughout the United States and has 10 years experience in financial/estate planning for individuals and businesses.