PEARL RIVER, New York, April 23, 2013 ― On April 30th, the Rockland Industrial Development Agency (IDA) is hosting a free, informative seminar that will focus on strategic planning for the future of a family-owned or privately held business. Sponsored by Provident Bank, “Succeeding at Succession Planning, Building Your Next Generation of Leaders,” will be held at the Hilton Pearl River, 500 Veterans Memorial Drive, Pearl River, NY, starting at 8:00 a.m.
Succession happens, and companies need to be ready for it―better, faster, and more precisely than even a decade ago. Nearly 90% of our country’s small businesses are family-owned or privately-held, and within the next four years, nearly 65% of those small business leaders will be ready to transition into retirement or new ventures.
To ensure continuity in the leadership of a company and help a business prepare its chosen candidates assume their new role, Keynote Speaker, Lisë Stewart, founder of the Galliard Group, will present:
The essential steps in developing a practical game plan for your unique situation; Succession planning with a focus on developing the next generation of leadership; Discussion of key components of an exit strategy and succession plan; Steps in creating a leadership development strategy and individual leadership development plans; Key practices that will support success, and more.
Attendees will learn more about: How to prioritize and plan business growth for the future; Understanding leadership development strategies for sustainability; Discovering policy gaps in critical areas such as governance, finances, and compensation, How to identify the timing and necessity for outside advisor support; and How to leverage a legacy.
“Succession planning goes well beyond having an exit plan in place. Business leaders won’t want to miss this ideal opportunity to learn more about the critical elements of succession planning and Ms. Stewart’s presentation will give them an excellent understanding of how to do that,” said Eric Dranoff, Chairman, Rockland IDA.
Program Date & Time: Tuesday, April 30, 2013 8:00-10:30 a.m.
Location: Hilton Pearl River
500 Veterans Memorial Drive
Pearl River, NY 10965
For more information about the business seminar, contact: Steven Porath, Executive Director, Rockland IDA at 845-735-7040.
About the Keynote Speaker
After almost 20 years in business consulting, Lisë Stewart founded the Galliard Group in 2004 to serve the unique needs of family-owned and closely-held businesses. A vibrant and sought-after speaker nationwide, Lisë is passionate about raising the awareness of the importance of family businesses as the foundation of our nation’s economy. She focuses her client work on organizational development, exit strategies, strategic planning, family governance and developing eﬀective succession plans. To learn more, go to: www.galliardinc.com
About the Rockland IDA
The Rockland IDA provides financial incentives to retain, expand and attract business in Rockland County. Incentives include state and local sales tax exemptions, mortgage recording tax exemption, tax exempt bond financing and a real property tax abatement program. IDA Members, who serve as volunteers, include: Eric Dranoff, Esq., Chair; Howard Hellman, Secretary; Timothy Riley, Treasurer; and Catherine Nowicki. The IDA does not receive any public funding and operates solely from the fees it generates. To learn more, go to: www.rocklandida.org.