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Tuesday Mar 19, 2024
Succession planning can pose many different challenges. Today our panelists will discuss figuring out how the next generation comes up with the proceeds to buy out the leading gen sellers. A cash balance plan can help solve that problem by contributing business revenue to pre-tax cash balance accounts, most of which benefit the leading gen, but to some extent benefiting other employees, too. The liability reduces the value of the business and thus cash and loan proceeds buyers need to come up with. The sellers, while receiving a lower purchase price, make up for that by receiving payments from their cash balance accounts, which also could be rolled over to an IRA. In that way, the cash balance plan benefits the buyers and sellers. We will discuss in more detail how this strategy works and which companies would be good candidates for this strategy.
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Categories: CCFB Webinar
Wednesday Feb 7, 2024
Join us for a live webinar with Ryan Yeoman, a Professional EOS Implementer. Ryan will present a series of webinars on using EOS (Entrepreneurial Operating System®) tools to improve meetings and accountability at all levels in your family business.
This is the first in a series of three sessions on using EOS tools to improve meetings and accountability at all levels in your family business. In this session, he will go through the Level 10 (L10) meetings: how to structure them, what to include, why they are important, and more!
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Categories: CCFB Webinar
Wednesday Feb 21, 2024
Alex Canters love of his family business and desire for change led to creating Ordermark where he raised $100+M and changed the restaurant industry.
Alex Canter loves Canter?s Deli ? the legendary Jewish Deli in Los Angeles that hosted dignitaries including Mick Jagger, Haim, and Guns & Roses. Known as ?Mini Patrón,? or ?El Patrón? which is little boss, Alex started waiting tables at age 13. After college, he returned to Canter?s and introduced POS and other innovations that didn?t always go well with the family members and employees.
In 2015, Canter?s delivery business started to boom as they signed up for GrubHub, DoorDash, UberEATS, Postmates, delivery.com and more. Each company had its own proprietary software so there were nine separate tablets handling to-go orders in the kitchen. From this chaos, a new company was formed.
Alex shares stories ranging from being a family-owned restaurant open 24/7 for the past 50-years to receiving a check for $100+M in venture meeting that lasted 25-minutes.
During Family Business Entrepreneur?s Dream webinar, Alex will discuss everything from growing up in the family business to raising initial capital for the business. Afterwards, there will be a short Q&A session.
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Categories: CCFB Webinar
