Harry Speaks to ASWA

Harry presented to the American Society of Women Accounts, Chicago Chapter on Tuesday, November 17. “Succession Planning in the New Economy” was held as part of a networking dinner at Buca di Beppo, 521 N. Rush St. in Chicago. About 15 professionals heard Harry’s take on how advisor collaboration must exist to successfully pass a business on to the next generation.

They learned the importance of flexibility and the three choices that a business owner has when planning for ownership transition. Additionally, they discussed the role that accountants have in succession planning and observed Harry’s trademarked “Seven Steps to Succession.”

Attendees took home a copy of his “Seven Steps to Succession” audio CD. Harry also gave away a signed copy of his book Pass It On: The Entrepreneur’s Succession Playbook.

Harry Speaks to Homer Chamber

Harry presented to the Homer Township Chamber of Commerce on Tuesday, November 10th. Which Direction is your Entrepreneurial Ship Headed discussed various aspects of exit planning.  About 20 attended the lunch meeting at Woodbine Golf & Banquets. Harry challenged the audience to think strategically about grooming their business for either sale, succession to a key employee or family member, or for liquidation.

Additionally, Harry asked the audience to rate themselves on such criteria as knowing what they want from their business when they sell it, having a plan to cover their assets and monitoring their personal financial plan. Audience members received a list of the criteria to take home along with their personal evaluations.

Harry passed out copes of his audio CD The McCabe Arch. The CD is inspired by his book Pass It on: the Entrepreneur’s Succession Playbook.

Entrepreneurial Armada Panel Gets Great Reviews

Harry moderated a panel discussion for small business owners on October 27th at Old Town Bank & Trust Company in Bloomingdale, IL. He was joined by his fellow Entrepreneurial Armanda members Tim Olson, Don Shewmake and Jim Bloomfield  (pictured above) as they gave business owners tips on surviving and thriving the current ecomonic storm.

Among the topics discussed were computer technology, human talent and tax strategy and planning. Harry took a multi-disciplinary approach to leading the panel as memebers from different backgrounds answered partispants' questions. Also attending the seminar were Entrepreneurial Armanda memebers Bill Cotter and Jeff Rozovics (pictured below).

Local business owners from the Northwest suburbs attended and the feedback has been very positive. One participant wrote " I felt that it was a very informative and thought provoking discussion and always welcome such interactive discussions with other executives." The next seminar is in December at Elk Grove Village Bank & Trust in Elk Grove Village.

Harry to Moderate Entrepreneurial Armada Seminars

Harry will help small business owners “embrace the economic storm” in several seminars in partnership with the Entrepreneurial Armada. In these seminars business owners will learn how to plan for the economical uptick and to evaluate their preparedness in areas including talent, technology and tax planning.

The first seminar will be held on Tuesday, October 27 at Old Town Bank and Trust in Bloomingdale and the second one will be held in December at Elk Grove Bank in Elk Grove Village. Both will be breakfast seminars and a RSVP is required. At both seminars Harry will raffle off copies of his book Pass It On, The Entrepreneur’s Playbook.

Harry Gives Speech to MSPC

Harry McCabe, member, MSPC, gave a speech on the 7 Steps of Succession, on September 2 at the MSPC monthly networking event. Over 100 people attended the event, held at Marcello’s Restaurant, 645 W. North Ave. in Chicago.

Attendees received free hour and d’oeuvres and Harry passed out copies of his audio CD, The McCabe Arch, which uses an arch as a visual in talking about how to pass on a family business.

Harry’s book, Pass It On: The Entrepreneur’s Succession Playbook discusses the seven steps in more detail. These seven steps are what entrepreneurs and their chosen successors must do in order to successfully pass the business on to the next generation.

In step one the entrepreneur identifies the business as profitable and the interested family members commit to the business.

Additionally, the book gives advice on such issues as family conflicts and how to protect the business in case the chosen successor goes through a divorce.

Consultants established the MSPC in 1981 as a resource to consultants and their clients.

You can sell out now, but maybe you shouldn't

Current article speaks to business owners about what's to gain by holding on to your business, even if the economy is causing pressure to sell.

Entrepreneurial Armada Launch 2/24/2009

The official launch of the Entrepreneurial Armada has been a much anticipated success!
On February 24, 2009 the panel presented at the Republic Bank in Naperville, IL. The discussion was titled, "Do you Know how to Find the Real Value of Your Business in These Economic Times?".
At the start of 2009, McCabe gathered 12 advisors from different fields to offer insight to business owners. The Armada is promoting collaboration among entrepreneurship. Each month a panel will present a new topic in a new Chicago suburban location. Each seminar is an hour long discussion and there is no charge to attend.

The next stop is the Republic Bank in Oakbrook on March 24, 2009, 8:00 a.m. to 9:00 a.m. For more information please call 312-229-1247.