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GLN 2024 - Early Childhood Literacy

Started by Paul Terlemezian in Georgia LEARNS 2024 Nov 25. 0 Replies

Friday, December 13, 2024 - noon Eastern USAhttps://us02web.zoom.us/j/89895585667?pwd=nSM3X2YA87Cj5CbPl0N3SCZvRI89K5.1Meeting ID: 898 9558 5667Passcode:…Continue

GLN 2024 - Humble Inquiry

Started by Paul Terlemezian in Georgia LEARNS 2024 Nov 25. 0 Replies

Friday, December 6, 2024 - 9:00 AM Eastern USASession Leader: Bobbie DavisPlease consider viewing this video that offers insight on…Continue

GLN 2024 - Potential Partner

Started by Paul Terlemezian in Georgia LEARNS 2024 Nov 25. 0 Replies

Thursday, December 5, 2024 - 3:00 PM Eastern USAThursday, December 12, 2024 - 3:00 PM Eastern USAAn area of innovation that we are focused on is to leverage the nature of Georgia LEARNS Conference to initiate or accelerate a project by collaborating…Continue

GLN 2024 - Politics & Other Divisive Topics in the Workplace

Started by Paul Terlemezian in Georgia LEARNS 2024 Nov 25. 0 Replies

Thursday, December 5, 2024 - 9:00 AM Eastern USAhttps://us02web.zoom.us/j/89895585667?pwd=nSM3X2YA87Cj5CbPl0N3SCZvRI89K5.1Meeting ID: 898 9558 5667Passcode:…Continue

GLN 2024 - Brenau Persuasive Speeches

Started by Paul Terlemezian in Georgia LEARNS 2024 Nov 25. 0 Replies

Thursday, December 12, 2024 - 11:00 AM Eastern USAA group of students being taught by Professor Anna Deeb at…Continue

GLN 2024 - Kintsugi and Humor?

Started by Paul Terlemezian in Georgia LEARNS 2024. Last reply by Paul Terlemezian Nov 25. 1 Reply

Tuesday, December 3, 2024 - 1:00 PMMichael Ruege will lead this session.…Continue

GLN 2024 - The Future of Employment

Started by Paul Terlemezian in Georgia LEARNS 2024 Nov 25. 0 Replies

Tuesday, December 3, 2024 noon Eastern USAThursday, December 12, 2024 2:00 PM Eastern USA…Continue

GLN 2024 - Workforce

Started by Paul Terlemezian in Georgia LEARNS 2024 Nov 25. 0 Replies

These sessions will be in the LearnAbout Format.Monday, December 2nd, 2:00 – 2:45 PM Eastern USAMonday, December 9th, 8:00 – 8:45 PM Eastern USAThursday, December 12th, 1:00 -1:45 PM Eastern USA…Continue

GLN 2024 - E5T5 Reunion

Started by Paul Terlemezian in Georgia LEARNS 2024 Nov 19. 0 Replies

Wednesday, December 11th - 5:00 - 6:00 PM Eastern USAhttps://us02web.zoom.us/j/89895585667?pwd=nSM3X2YA87Cj5CbPl0N3SCZvRI89K5.1Meeting ID: 898 9558…Continue

GLN 2024 - TBD Jeff Thrutchley

Started by Paul Terlemezian in Georgia LEARNS 2024 Nov 17. 0 Replies

Wednesday, December 4, 2024 - 2:00 PM Eastern USATBDJeff Thrutchley…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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