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timely planning

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timely planning

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find the mentor/coach or someone who has been a successor and can share experience

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find the mentor/coach or someone who has been a successor and can share experience

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A well defined and described business vision and strategy as a part of the business plan. 

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A well defined and described business vision and strategy as a part of the business plan. 

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consultant = advisor, mentor, trust person 

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consultant = advisor, mentor, trust person 

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Taxes are in many countries depending to the timeframe
The continuity (contingency) planning must be up-to-dated

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Different types of transfers. Splitting the company is also possible.

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Different types of transfers. Splitting the company is also possible.

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valuation of the company, finding the price

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valuation of the company, finding the price

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A clear handover phase.

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Neuroscience point of view- HOW to manage emotions

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In many cases selling or buying a company is much more complicated than selling/buying real estate. Do you agree with the statement?
In many cases owning a business is like bringing up a child. Through the life of the business, you have nurtured it, learned lessons through trial and error, taken risks, implemented processes and made growth decisions for its well-being and success. You may have employed other people, providing a safe home for them to create a good life for themselves and in return, they have given you loyal service. You have positive relationships with both employees and satisfied clients of which you are rightly proud.
Business owners often share that their identity is linked to the business and years of hard work, vision, development and success have enabled personal growth as well as business growth. It is therefore not surprising that handing over the reins to another owner or leader comes with some emotions and can be challenging.

DATE AND TIME
27th of October 2021 from 2 PM until 3.30 PM on Zoom

WORKING LANGUAGE
English

Participation is free of charge, pre-registration is required

Come and join the webinar and you'll learn about:

What's the role of emotions while making decisions in business life;

Learning from neuroscience, we will examine how transferring business ownership can result in feelings of loss and an "empty nest", just like when children move away from home;

What different frames of reference can be applied to view the transfer as an opportunity for reinvention and challenge traditional paradigms;

What do larger organizations which adopt a succession-based approach do and with this mapping develop ideas to bring into smaller businesses.

SPEAKER

Gill McKay is a Learning & Development professional with long international experience working with business leaders, coaches, trainers and HR professionals to amplify their results through using neuroscience, psychology and mindset tools. Her teaching helps them to increase their self-awareness, their emotional engagement and awaken their brains to help them achieve their goals through deep transformation and change.

As co-founder of MyBrain International and the neurometric profiling instrument MiND, she provides International Coach Federation accredited tools and resources for the appliance of neuroscience. She is also author of the best-selling book "STUCK: Brain Smart Insights for Coaches" which shares her coaching stories and how clients can create change by understanding the neuroscience behind their challenges.

Gill is an experienced facilitator and trainer and is a sought-after conference speaker on a wide variety of topics relating to neuroscience, people development, transformation and change
Website: www.mybrain.co.uk

Webinar takes place within INBETS+ project, which is co-funded by Interreg Baltic Sea Region programme.

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RECORDING: Why is it so challenging to give up active management of your company? Insights from neuroscience

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In many cases selling or buying a company is much more complicated than selling/buying real estate. Do you agree with the statement? In many cases owning a business is like bringing up a child. Through the life of the business, you have nurtured it, learned lessons through trial and error, taken risks, implemented processes and made growth decisions for its well-being and success.

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Motivation for the owner why it is important to prepare business for the transfer process

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Motivation for the owner why it is important to prepare business for the transfer process

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No quick changes that disturb the company culture. Later on the changes can be done taking into account the staff's opinions.

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No quick changes that disturb the company culture. Later on the changes can be done taking into account the staff's opinions.

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capital needed for investments and the working capital

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capital needed for investments and the working capital

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It often starts in family transfer business with discussions about tax issues, but at its core it quickly comes down to trust and fairness

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It often starts in family transfer business with discussions about tax issues, but at its core it quickly comes down to trust and fairness

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Timeframe needed to stabilize new owners expectations towards old employees

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Timeframe needed to stabilize new owners expectations towards old employees

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Some are more important (Like banks, customers and suppliers) some are less important (Like neighbours, social media etc...)

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communication between owner and successor about results of the transfer

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communication between owner and successor about results of the transfer

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Consultant that really knows what is supposed to be done

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Consultant that really knows what is supposed to be done

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Accept that a company's price and value are often different

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Accept that a company's price and value are often different

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Network of interested buyers

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Why does the company exist. Why is it important - the bigger question.

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Why does the company exist. Why is it important - the bigger question.

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Attitude and prepadreness well in advance

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Attitude and prepadreness well in advance

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willingness to take over the responsibility

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willingness to take over the responsibility

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For owners and successors enough time to clarify all questions and to build trust

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For owners and successors enough time to clarify all questions and to build trust

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timely planning

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What to consider when planning a business transfer ?

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What to consider when planning a business transfer ?