The PIAA will host a free webinar to help the hundreds of printing business owners who want to leave the industry in the next decade.
Guest speaker Richard Rasmussen, whose company Ascent Partners helps printers buy and sell businesses, says 60 per cent of Aussie print business owners are over 55, and will want to get out in the next 10 years.
“That is about 1200 businesses that will change ownership voluntarily or involuntarily by 2025. The majority of these owners don’t know what their business is really worth, and they don’t have a transition or succession plan,” he says.
“Understanding where they are now, where they need to be, and the possible options to get there are paramount to a successful final outcome.”
Rasmussen says the webinar will provide ‘invaluable information that every business owner needs to understand, regardless of where they see their business sitting today’.
Attendants will also have the opportunity to ask questions at the end of the session, which has allocated 15 minutes for a Q&A.
The 30-minute webinar will be held on Wednesday, March 18 at 1pm (AEST) and will look at:
- The voluntary and involuntary transition / succession alternatives.
- What’s your business worth now, and what will it be worth on exit?
- How to identify and clearly articulate your needs.
- Formulating a plan covering your business and personal goals.
- Implementation and monitoring.
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