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GLN LearnAbout - Raising Capital for an EdTech Startup - 13 March, 2024 - Noon Eastern

Started by Paul Terlemezian in GLN LearnAbouts Mar 4. 0 Replies

Learner: Dr. Marilyn CarrollLearn with Dr. Carroll and other entrepreneurs interested in raising capital for their EdTech Startup.The format of this session will be:Marilyn will explain what she wishes to learn about - and whyShe will ask each of…Continue

GLN TeachAbout - Integrative Debating - Glenn Meier, February 29, 2024, 3:00 - 3:45 PM Eastern USA

Started by Paul Terlemezian in GLN TeachAbouts Feb 11. 0 Replies

Earlier this year, Glenn responded to the Conscious Capitalism/Georgia LEARNS Pluralism event by sending an email via LinkedIn. His message included:"...the magic lies in an agreed upon process for making the conversation a "fair fight."  In my…Continue

GLN 2023 - TeachAbout - Purpose

Started by Paul Terlemezian in Georgia LEARNS 2023 Nov 26, 2023. 0 Replies

Is it possible or desirable to differentiate purpose from passion?Session Leader: Donald JenkinsThe format of this session will be:Five minutes of welcome and…Continue

GLN 2023 - Hidden About - Humble Inquiry - Scaling

Started by Paul Terlemezian in Georgia LEARNS 2023 Nov 25, 2023. 0 Replies

Is humble inquiry real or imagined?Is it desirable? If so - when? If not - why?Session Leader:…Continue

GLN 2023 - Open Forum Conversation - BYOT

Started by Paul Terlemezian in Georgia LEARNS 2023 Nov 25, 2023. 0 Replies

BYOT = Bring Your Own TopicThese sessions are offered to allow for open forum conversation and/or the opportunistic creation of breakout rooms to allow for self-directed conversations.Breakout rooms will be preset. Participants may:Choose an open…Continue

GLN 2023 - TeachAbout - Cheat Codes for Life

Started by Paul Terlemezian in Georgia LEARNS 2023 Nov 24, 2023. 0 Replies

The Surprisingly Simple Cheat Codes for Happiness, Creativity, and Human Performance.If you are human, there is something in this session for you.We live in a world of algorithms. Relatively simple pieces of logic and actions that govern everything.…Continue

GLN 2023 - Panel Discussion - Innovation

Started by Paul Terlemezian in Georgia LEARNS 2023. Last reply by Paul Terlemezian Nov 27, 2023. 2 Replies

What is the opposite of innovation? Might it be stagnation?How do we know something is an innovation?This session will be the traditional Georgia LEARNS Plus-BYOL-Plus format:First 15 minutes: The humorists will share their perspective on the topic…Continue

GLN 2023 - ExploringPossibilitiesAbout - Hardwiring

Started by Paul Terlemezian in Georgia LEARNS 2023 Nov 21, 2023. 0 Replies

Session Leader: Chuck RussellThe Session Format is the following:1. You will be asked to accept the premise that it is possible to know why you are failing to do…Continue

GLN 2023 - TeachAbout - Simulations 2024

Started by Paul Terlemezian in Georgia LEARNS 2023. Last reply by Paul Terlemezian Nov 30, 2023. 1 Reply

Session Leader: Eric BluesteinThe format of this session will be:1.Eric will explain what he wishes to learn about Simulations - and why.2.He will ask…Continue

GLN 2023 - CaseStudyAbout - Small Business Revival

Started by Paul Terlemezian in Georgia LEARNS 2023 Nov 21, 2023. 0 Replies

Session Leader: Neicey JohnsonCase Study: How to save a spiraling out-of-control small business.Seeking tips to assist with corporate operational…Continue

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What Are You Measuring?

Posted by Bill Crose on September 13, 2019 at 11:33am 1 Comment

A lifetime ago, my training department colleagues and I were satisfied with training data. We cranked out the requested ILT programs plus the "flavor of the year" content, we kept a busy training schedule, and made sure the coffee was always the right temperature. When accused of not delivering effective training because the learners didn't perform as they were trained, we took refuge in our management support role and not ultimately responsible or accountable for LEARNING or productivity.…

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Sooner or later we will all exit our companies.

What will our company be worth when that happens?

When will we realize that worth?

What can be done to maximize that worth?

When do we start to plan and execute to assure the realization of maximum return on the investment we have made to build our company?

This BYOL Plus segment will feature 5 CEO's and a Remarkable Speaker that will respond to this topic.

Remarkable Speaker: Jim Douglass https://www.linkedin.com/in/jim-douglass-04b1254/

Moderator:  Scott Burkett https://www.linkedin.com/in/scottburkett/

Panelists:

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I spoke with a close friend today and was asked to post the following:

"Question: “I am co-founder of a well-established training firm (less than 50% ownership), and am planning an exit strategy to retire. There is no board of directors other than myself and the co-owner. How do we protect our interest in achieving an equitable outcome without damaging our personal relationship?

Hopefully a buy sell agreement is already in place.  The best way to protect all the parties (personally and financially) is to know going in how one might exit.  A good buy sell agreement would establish valuation, sell process, and exit scenarios.

Scott - thank you - in this case the buy sell agreement is not in place.

That makes it very tough but not impossible.  It's not just about numbers but I would use my "owners benefit" - compensation, dividends, perks - to determine the a discounted value for my minority interest in the company.  To get the appropriate multiplier, look at similar size organizations and any transactions you may find to set a bench mark.  Since it is a minority interest, you'll have to discount it. 

Transparency is key in every relationship.  I would approach my co-founder with my desire to retire.  See how they feel about it.  Part of this process would be taking an inventory of your contributions as a founder and in your current role in the company.  You want to consider what happens to the business if you retire.

Also, keep in mind, retiring doesn't mean you have to sell, you could continue you collect passive income from dividends until a different liquidity event take place.

Scott - thank you - this "down to earth" ethical advice is appreciated.

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