Ownership Transition Presentation #1 Take Aways

[Jim Conley, Chair SEAOSD BFC]

Your responsibility as active BFC members (who attended) is to post
your #1 take away (or more if you like) on our google groups page.

Mine is that when it comes to considering (or being considered) for
ownership contingent liability is important. Also, that leadership
can start at the earliest stages of one's career, you don't have to be
a principal to be a leader in an organization. You do need to be a
leader to be a principal.

[Curtis Patterson]

Two interesting things I found from the presentation were:
1. That length of employment does not mean you are more eligible to
become an owner.
2. The three ways presented on how to value your company.

On Mar 26, 2:42 pm, "Jim Conley, Chair SEAOSD BFC"

[Mike S]

My top three take-aways from the meeting were:
1) Internal transfer of ownership is highly recommended over an
outside merger-acquistion.
2) Engineering Business Valuation factors.
3) Deferred compensation options for purchasing company ownership.
Mike Surprenant

On Mar 26, 2:42 pm, "Jim Conley, Chair SEAOSD BFC"
<jcon...@hopeengineering.com> wrote:

[Frana Alex-Floresca]

My top three takeaways were
1)  When differentiating between candidates, internal transfers are best.  Time and grade should not be the basis.  Look at their leadership role in the company, commitment to the industry, and understanding and alignment with company culture.

2)  Three valuation methods
3)  Goodwill Factors do make a difference.
4)  First and Second Generation Leaders.  It may take more than one person to embody the leadership qualities required to lead a company.

Frana Alex-Floresca, P.E.
Associate/Project Manager

HOPE ENGINEERING
Consulting Structural Engineers

1301 Third Ave., Ste. 300 www.hopeengineering.com
San Diego, CA 92101 fflo...@hopeengineering.com
619.232.4673 x248

Mission: To build strong relationships and provide cost effective structural solutions

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[steverohy]

Important things to consider with ownership transitions:

1) There myst be a synergy and sharing of ideals between all owners
2) Years of experience alone does not make a leader/principal/owner
3) The transition into ownership cannot happen overnight, but over
many years -- both before and after signing the papers.


On Mar 26, 1:42 pm, "Jim Conley, Chair SEAOSD BFC"

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