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TMAC to Host a Family Business Advisor Seminar At the Rangers Ballpark - TMAC at The University of Texas at Arlington is hosting a Family Business Seminar. All family-owned or closely-held businesses are invited to attend - TMAC.org
TMAC to Host a Family Business Advisor Seminar At the Rangers Ballpark

 

PRZOOM - /newswire/ - Arlington, TX, United States, 2013/04/22 - TMAC at The University of Texas at Arlington is hosting a Family Business Seminar. All family-owned or closely-held businesses are invited to attend - TMAC.org.

   
 
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The seminar will take place from 9 am. to 3 pm. on Tuesday, May 14 at the Rangers Ballpark, 1000 Ballpark Way, in Arlington.

Consider these staggering statistics about family-owned or closely-held businesses:
1. During the next five to six years, 65 percent of family-owned business owners will be retiring through selling or passing their business to family or outside parties.
2. Only 30 percent or less will survive to the second generation.
3. Less than 5 percent will survive to the third generation.

Unfortunately, many family-owned and closely-held business owners are unaware that there is so much to do in the few years leading up to retirement or succession, and in some cases, selling. By being prepared for the transition of their business, owners can rest assured that their finances are in order, all the legal documents have been prepared and that the strategic and exit strategies are being properly executed.

TMAC works with customers on management and financial aspects of the business including business valuations, operational and supply chain optimization, and product innovation to drive business value. Many owners begin preparing for the transition with TMAC’s Family Business Assessment. This assessment provides both TMAC and the business owner alike, a snapshot of the company. After the results have been reviewed, TMAC works with the business in the areas that need help. This allows the owner to continue to focus on daily operations while only having to work with one organization, TMAC, to plan the transition. This service provides valuable assistance to family-owned and closely-held businesses as they transition from one generation to the next or pass to outside interests.

TMAC (TMAC.org) is a program of The University of Texas at Arlington’s Office of Research. Its mission is to improve the global competitiveness of the Texas economy. TMAC accelerates profitable growth through better processes, products and people.

 
 
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TMAC to Host a Family Business Advisor Seminar At the Rangers Ballpark

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Contact: Cheryl Krzywicki - TMAC.org 
817-272-5909 Cheryl.Krzywicki[.]tmac.org
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any TMAC Metroplex securities in any jurisdiction including any other companies listed or named in this release.

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