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National Webcast Addresses Top Concern of Privately Held Business Owners

SB Informer
Tuesday, November 7, 2006; 12:46 AM

On Wednesday, November 15, 2006 at 11:00 a.m. (Pacific Time), don't expect to be able to reach an Owner of a Small or Medium sized business. That's because they will likely be tuning in on their computer to the largest national webcast effort ever orchestrated to specifically address the "Succession Planning" issue.

The Webcast, entitled "Exit Your Business in Style by Implementing the Seven Step Exit Planning Process", is being offered at no cost to any business owner with a computer as the result of a coordinated effort by Entrepreneur.com, Business Enterprise Institute of Denver, Colorado, Exit & Retirement Strategies, Inc. (ERSI) of Southern California and Denver, Colorado, and PartnersFinancial of Austin, Texas.

"Bringing this information together for the benefit of the U.S. Business Owner was a monumental effort," according to Bill Black, President of ERSI. "And recognizing the scarcity of time for the average business owner, bringing the information to the owner via webcast seemed like a logical way to get the information out to the greatest number of people."

"This is a very important topic. There are over 9.5 million Privately held businesses in the U.S. today, and over 40% of the owners are facing the succession planning issue, according to the U.S. Small Business Administration," Black said. "And the primary cause for failure is lack of planning. We want to make sure as many people get access to the seven step process as possible so they don't make that mistake".

Black added, "The Succession issue is a retirement issue, and it can't be ignored because it won't go away without substantial planning well in advance. We suggest that owners begin planning at least three but preferably 10 years before their planned SET (Succession, Exit by sale or Transition to absentee ownership) strategy."

The featured speaker for the webcast is John Brown, noted author of "How To Run Your Business So You Can Leave It In Style", a best-selling book on Succession Planning, and President and Founder of Business Enterprise Institute. "At some point, every Owner leaves his business – voluntary or otherwise," Brown says. "At that time, every owner wants to receive the maximum amount of money in order to accomplish personal, financial and estate planning goals."

Early registrants can get access to a free e-book that Entrepreneur.com is making available called "Grow Your Business 1-2-3". For information or to register, go to http://www.ErsiWebcast.com

To view information about Exit & Retirement Strategies, visit their web page at http://www.Exit-Retire.com