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by Member Experience on March 30, 2018
As the Millennial generation floods the workforce and places significant value on swift advancement opportunities based on merit, understanding, and embrace of staff individuality, and work/life (or as my millennial eyes see it “life/work”) balance, companies across the world are most interested than ever in developing an environment that attracts, develops, and retains great talent.
There is no shortage of blogs, articles, speeches, seminars, and coaching on the topics of organizational culture development, from the perspectives of CEOs, human resources, star talent, etc. As the market gets acutely focused on building their social capital, it begs the question: What impact does culture have on business value?
We know that the only way to drive value is to create something transferable. That’s exit planning. When it comes to social capital, how do you create a culture that will remain intact once the ownership changes? How often do post-exit integrations fail due to culture disruption?
Studies show that 70-80% of all integrations fail, often due to cultural mismatch.
Despite the accepted truth that culture is a value killer, most buyers and sellers are at a loss when it comes to effectively measuring, aligning, and integrating culture before, during, and after the transaction. Do you know how to help owners take control of their social capital?
Meet Michelle Bonahoom, Founder of VisionOne High Performance Group, an expert in middle market value management during a transaction. Bonahoom knows how to make culture a habit and how to analyze the direct impact it has on transferrable value. As a special guest presenter, Michelle Bonahoom will teach a webinar on the topic on Wednesday, December 20 that will help advisors understand what to look for and help owners know what to do. Join this virtual education session and hit the ground running in a value-focused culture to start the new year!
About Exit Planning Institute:
The Exit Planning Institute (EPI) is an education company that provides exit planning education to advisors and middle market business owners. We view exit planning as a strategy, not an event.
EPI leads the professional services profession with the best industry content, ongoing support, and owner education platform, all of which align with our mission: Change the outcome.
Only 2 out of every 10 businesses that come to market actually sell. We want to increase the number of saleable businesses.
Only 30% of family businesses successfully transition to the second generation, only 12% transfer to the third, and the success rates diminish from there. We want to improve those intergenerational transitions.
Of those that succeed in the sale of their business, 75% experience “profound regret” within one year of exiting their business. We want to understand why and create strategies that achieve profound success, wealth, and satisfaction.
EPI is an education company, powered by an elite community of top advisors and owners, all focused toward creating a valuable, transferable future for the business marketplace.
- Change your outcome. Learn more at www.Exit-Planning-Institute.org.
- Educate business owners. Learn more at www.OwnerReadiness.com.
- Become the Advisor of the Future. Learn more at www.EarnCEPA.com.
