Princeton Capital CBIA and Paradigm announce NY CT Exit Strategy Seminar

Feb. 22, 2010 - PRLog -- According to a Mass Mutual survey nearly a third of business owners do not have an exit strategy, and almost all plan to exit in less than five years. The lack of planning can cost them upwards of 30% of the purchase price, and increase the possibility the company will not sell at all.

Come Learn the Best Way to Prepare your Company

Ridgefield, CT – February 22nd, 2010 – Connecticut Business & Industry Association, (CBIA), Princeton Capital M & A advisors and Paradigm Associates will join forces to help business owners in the CT & NY area learn how to start planning for their business exit. Princeton Capital will present statistics compiled from former business owners, M & A advisors, consultants, business coaches and other strategic resources whose experiences can help business owners maximize their business valuation. Attendees will learn the tangible steps you need to take now to assure you will get the maximum value for your business when the time is right.

Business owners who successfully exited wished they had started the process earlier for two reasons.

1. They could have received substantially more value for their companies.
2. The delay or procrastination made the process unnecessarily difficult.

Understand the Valuation Buyers will give to your business!

Business owners that inquire about the seminar will receive a report from Princeton Capital on Business Exit Strategies.  To register and receive this report for free contact Princeton Capital at 203-431-6400, email seminar@princetoncapitalllc.com or visit us on the web at www.princetoncapitalllc.com

“It is hard to believe how much money people lose by not adequately planning for their exit from their business.” claims Ken Ducey, President of Princeton Capital Strategies. “We will give business owners concrete steps that will increase their company value,” Ducey continues.  A survey shows that 75% of business owners who have successfully sold their companies wished they had begun preparing for that process much earlier.

Michael O’Reilly, a Partner with Paradigm Associates adds “The process of adding 20% to the value of your company is not as difficult as you might think. We have helped many companies who have been surprised how easy it is”

Peter Gioia, Executive Vice President of CBIA will also give a presentation on the importance of exit planning to the CT economy.

According to a MassMutual Survey published in 2007, within the next decade over 40% of small business owners are expected to retire and most are not prepared to.  Less than half of those expecting to retire in five years and less than a third of those expecting to retire between six and 11 years have selected a successor.  Almost a third of these small business owners have no estate plan beyond a will.  This explains why about 70 per cent of family businesses never make it to the second generation, and a stunning 90 per cent of family companies go bust before a third generation can take over the management of the firm according to Grant Thornton.

The Seminar will be held on March 25th, at 5:30pm followed by a reception that will enable you to interact with fellow business owners. Adult beverages and treats will be served.
You will learn how to plan ahead to have a successful exit strategy whether you expect to sell your business to a strategic acquirer, a merger or acquisition, succession planning to a family member or management buy-out, tax-effective transfer planning, and retirement planning.  Admission is $30. To register and receive a free expert strategy analysis report contact Princeton Capital at 203-431-6400, email seminar@princetoncapitalllc.com or visit us on the web at www.princetoncapitalllc.com.

Princeton Capital assists business owners seeking to exit or sell their business with a proprietary and custom process proven to obtain maximum value with the greatest amount of efficiency.  Princeton Capital can bring more qualified buyers to a business owner in less time, because our methods come from world-class investment banks instead of typical business brokers.

Matching quality businesses with buyers using our proprietary process which produces success rates far beyond the typical industry percentage.

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Princeton Capital assists business owners in CT, MA, and NY seeking to exit or sell their business with a proprietary and custom process proven to obtain maximum value with the greatest amount of efficiency. Princeton Capital can bring more qualified buyers to a business owner in less time, because our methods come from world-class investment banks instead of typical business brokers.

Matching quality businesses with buyers using our proprietary process which produces success rates far beyond the typical industry percentage.