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Business Buy/Sell Basics

Tue 11:00 AM to 12:30 PM
Facilitated by West Central SBDC
Topic: Managing a Business

It may seem like a crazy time to buy or sell a business, but it's happening!  Business transitions are tricky because there's a lot at stake when you buy or sell a business. This short workshop is for both buyers and sellers and covers a range of topics to consider. So join us and get your wheels turning, no matter which side of the table you're sitting on! Topics include: • The Elements of a Business Sale • Business Valuation • Recasting Financial Statements • Business Financing • Value Drivers • Asset vs. Stock Sales • Why and When to Buy or Sell PLEASE NOTE that the in-person workshop will adhere to social distancing requirements and the use of face masks in public spaces. Thank you.

Speaker(s): Bob McNutt has spent the last 26 years on an entrepreneurial journey starting several companies. He founded an IT products and services company in 1992. Success came after years of tough lessons, sleepless nights and relentless stress. These challenges led him to join a leadership peer group where he discovered the book Traction by Gino Wickman, which illuminates The Entrepreneurial Operating System® (EOS®). He implemented EOS® in his own business because he recognized the power of a simple, holistic way of operating a small business. EOS® was able to clarify his company’s vision, gain consistent traction and vastly improve team health. It helped him formalize his leadership team and solve even the toughest business challenges. Ultimately his quality of life improved and his company flourished. He successfully sold his company to a local business owner in 2018. Because of the tremendous changes EOS® brought to his IT company he decided it was time to return to his entrepreneurial roots by helping implement EOS® for other companies. His passion to help other small business owners succeed continues to grow exponentially.

Co-Sponsor(s): Central Mountain SBDC, Northwest SBDC and Region 10, City of Montrose, Telluride CCAASE Grant

Fee: $ 25.00

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