This session asks the pointed question - "Why are you in Business?" The panel discusses what a business owner can
do to recognize short term profitability and maximize long term equity
development or business value, to ultimately sell or transition the business
at a point in the future.
Moderated by: Mr. Chris Morhardt - President of
Pharus Group, LLC.
Why are you in business? - As providers of professional business services, what are some of the
top responses you hear as an answer to this question?
General - What is the operational / philosophical difference between running a
business day to day without a specific long term goal in mind - vs - running
and operating a business with a defined, targeted goal in mind?
Financial Management - Why is it important to maintain current and accurate financial information
on your business regardless of size or time in business?
Tax Strategy - Please discuss your professional opinion on tax strategy for small business.
Organizational Structure & Management - As it relates to equity development and "Sellability" - Please
share your thoughts on overall organizational structure, succession planning
and the importance of proper management for a business.
Valuation - We are all aware that there are various ways to determin the ultimate
vlaue of a business. Please discuss with the audience from your unique
perspective how you look at a business and the factors that are important.