In this podcast Tom Lyons and Grant K. Wacker discuss important questions regarding where your business is heading. What’s the value of your business? What happens to your business if something happens to you? Is there a plan for your family? Is there a management team in place in case of an emergency? Is there a succession plan? Who is going to take over your business if something happens to you?
Durwin A Long, Ph.D. leads the development and delivery of executive and professional development programs at the University of St Thomas. These programs build the leadership capacity of individuals and the organizations they serve. In this podcast we discover that thousands of participants benefit from more than 200 programs offered thru the Opus College of Business.
Michael A Ryan is the director of the Small Business Development Center (DBDC) at the University of St Thomas. The SBDC provides business consulting services to small business in the Twin Cities Metro area. This service can help business owners develop strategies, attract customers, increase sales and improve profitability along with a broad range of other offerings. Mr Ryan is also involved in the Growing America Through Entrepreneurship (GATE) program which helps individuals start businesses and is funded by the US Department of Labor.
In this podcast Mr Soderling tells us about an alternative to selling a business in the form of a recapitalization. This is essentially a partial sale of a business that allows an owner to take a distribution and add capital to take advantage of growth opportunities. It also allows the owners to get paid a second time in five to seven years when the business is bigger and more profitable. This process brings in more capital, a new board of experienced directors and significant new non-financial resources to grow the business and plan for the second sale or exit strategy some years down the road.
In this podcast Ms Ronning tells us about the mission of Women on Boards and the important opportunity to allow future board members to hear from and network with existing board members. She tells us that these national events show future board members how to prepare themselves to become board members and teaches them about the responsibilities, duties and possible liability exposures of serving on boards can involve. These are mentoring and coaching events that help those in attendance to understand what serving on Boards of Directors is all about and to decide if that is something they want to aspire to.
In this podcast Sheila Ronning tells us how she has developed the idea of staging networking events for business people to attend to meet and get to know other business people in the Twin Cities. The entry fee to the event is a business card and if you want to you can rent a space to display your business to the visitors. She has approximately 450 people attend each of five annual events. She has also started a Leadership lunch series that is held quarterly and features a speaker to help develop the leaders of the future.
In this podcast we interview veteran angel investor, Bill Mc Guigan about the aspects of a startup company that an angel investor looks at to determine if they want to invest in the business. They analyze the intuitive nature of the product or service; the size of the market; the founder and management team; business plan and the amount of capital being raised and the use for it. We also cover the all important valuation issues and the effort to negotiate a deal that is good for the founder and the angel investors.