Modern Machine Shop and ProShop ERP Announce New Conference
The Machine Shop Ownership Change Conference focuses on setting up shops to succeed during transition. The digital event provides shop owners information to improve their company value, reduce the risk of their business transition and increase their chance of success.
Modern Machine Shop has partnered with ProShop ERP to present the Machine Shop Ownership Change Conference, happening at 12:00 p.m. EST on Monday, September 27, 2021. The digital event provides shop owners information to improve their company value, reduce the risk of their business transition and increase their chance of success. The lineup features more than a dozen speakers pulled from shop owners who have been through this process themselves and industry experts with unique insights on company transitions. They will share their behind-the-scenes stories of business sales and transitions.
“As the current generation of machine shop owners ages into retirement, it’s highly likely that many shops will experience some kind of ownership change within the next 10-15 years,” noted Paul Van Metre, with ProShop ERP. “Given the fact that many shop owners have the majority of their net worth tied up in their businesses, the outcome can be disappointing. The good news is that with forethought and planning, it's realistic to more than double the value of most shops in 2-3 years’ time, and dramatically increase the chance for a successful business transition.“
The conference agenda includes:
- What Machine Shop Sellers Need to Know
- How to Buy a Machine Shop
- Planning for the Next Generation
- Determining Shop Value
- Tax and Legal Concerns
- The Private Equity Perspective
- Maximizing Shop Value
Full agenda details and registration are available here.
Attendees will be provided with recordings of all sessions, access to a directory of machine shop buyers and the opportunity to connect with those companies for future conversations.
Related Content
-
Finally, A Comprehensive Software Solution Designed for Small Job Shops
Zel X from Siemens is an integrated software application that consolidates collaboration, design, manufacturing, and operations into a comprehensive, easy-to-use solution. From RFQ to delivery, it’s a more efficient way to handle quotes, manage jobs, make parts, and collaborate with teams of all sizes.
-
How to Grow the Business with Real-Time Job Status Data
ERP systems that focus on making data more accessible can improve communication within a shop, reducing wasteful errors and improving capacity.
-
When Handing Down the Family Machine Shop is as Complex as a Swiss-Turned Part
The transition into Swiss-type machining at Deking Screw Products required more than just a shift in production operations. It required a new mindset and a new way of running the family-owned business. Hardest of all, it required that one generation let go, and allow a new one to step in.
