Succession Planning for Solo-preneurs and Independent Consultants
For “solo-preneurs”, the business is us. It has limited or no hard assets, and its value is literally in our heads. Can we phase out or retire and still have a revenue stream? Can we take a one-person business and “monetize its value?”
The objective of the panel will be to present some thoughts on how to phase out of an independent consulting practice and still have a revenue stream. We may not have an answer for everyone, but the thought process of the panel members and strong audience participation may well provide some interesting alternatives.
Rick Schilling will chair the session. Each panelist will have 6 minutes to share his thoughts on the topic. Audience questions, comments and discussion will follow.
Panelists:
Bill Hyczka founded WSH & Associates in 1990. Bill has been a business broker for 23 years and has 40 years experience in accounting, finance, M&A, business plans, valuations and consulting. Bill is a founding member of the Pennsylvania Business Brokers Association and currently serves as a PBBA Board member and Treasurer.
Barry Meyers is a co-founder of Definiti Business Solutions, a strategic advisory firm specializing in bottom line improvement for small and mid-sized companies. He has over 30 years experience in IT in textiles, paper, printing, newspaper, apparel, manufacturing and distribution. Barry has held director and manager positions for small to medium sized companies and management positions for start-ups and a Fortune 500 company.
Jan Stefanski co-founded Janus Consulting and has over 30 years experience in planning, design and implementation of various business solutions. He makes “fuzzy things clear”, assisting clients from “idea crystallization to internalization”. Jan consults to a wide range of domestic and international industries including pharmaceuticals, chemical, education, newspapers, non-profits and financial.
Rick Schilling established his staffing firm in 1992 after a 19-year career in commercial banking and 4 years in the construction equipment leasing industry. Clients use his cadre of experienced professionals to complete specialized projects and to fill interim and full time staff vacancies in middle management and senior positions.
