How Business Owners Can Prepare for a Successful Succession Workshop

How Business Owners Can Prepare for a Successful Succession Workshop

Date and Time

Thursday Aug 28, 2025
10:00 AM - 11:00 AM PDT

Location

North Orange County Chamber HQ
6601 Beach Blvd
Buena Park, CA 90621

Fees/Admission

Complimentary Exclusive Member Benefit
Available only to members of the North Orange County Chamber.

Contact Information

North Orange County Chamber
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Description

Keeping Businesses In Business Workshop Series
Workshop 5: Exit Smart: How Business Owners Can Prepare for a Successful Succession

Presented by Johny Hong

Every business owner will one day exit their company, but will it be on their terms? Whether you're planning to sell, pass the business to family, or simply want to be prepared, succession planning is essential to protecting the future you've worked so hard to build.

Join us for Workshop 5 in our Keeping Businesses In Business series, where we’ll break down the critical elements of succession planning in a way that’s practical, clear, and actionable no matter what stage of business you’re in.

What You’ll Learn:

  • Why succession planning is vital, even if you’re not planning to leave anytime soon

  • The 3 primary exit strategies: family transfer, employee buyout, and third-party sale

  • How to preserve and protect business value with proper legal, tax, and insurance strategies

  • Practical steps you can take now to prepare for a smooth, profitable exit later

Workshop Breakdown:

  1. Introduction – Understand the risks of avoiding succession planning and why early action matters

  2. Core Concepts – Explore the options and determine what makes a business attractive and transferable

  3. Planning Toolkit – Learn about business valuation, buy-sell agreements, insurance tools, and more

  4. Q&A Session – Ask your pressing questions and gain insights from real-life examples

  5. Action Steps – Walk away with a checklist to help you start or strengthen your succession plan today

Who Should Attend:

✔ Established Business Owners
✔ Family-Owned Business Operators
✔ Entrepreneurs Thinking Ahead
✔ Advisors & Professionals Supporting Business Growth


Important Note:
This workshop is offered exclusively to members of the North Orange County Chamber of Commerce. While we continue to seek government funding to expand access, these sessions are currently available as a valued benefit of Chamber membership. We thank you for your understanding and commitment to proactive business growth.

Seats are limited. Set your business and yourself up for lasting success. Exit smart, start now.

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