There is a famous saying, “Begin with the end in mind”. There’s also another good saying that fits right in with this, “All businesses are created to Exit”, and whether it is liquidated, left to your heirs, sold, acquired, merged or gone public, how you run your business can greatly influence the effect it has on you when then time comes!
This presentation will help you understand the similarities and differences between running your business for Fun, for Profit, or to get Rich! Having clear expectations is the start in figuring out what you need to do to achieve your goals!
We’ll define what is a Hobby business, a Jobby business, or a business that creates wealth! Spoiler Alert! There isn’t a “right” answer! And, you can start off as one type, and shift as your goals and expectations change! The great news is that YOU get to decide, what’s right for you.
You’ll come away with the tools to help you decide,
What type of business you are, or are intending to run
How to run it effectively
What you might want to do, if you want to shift to another type of business
What to expect from each type of business, when the time comes to exit.
Speaker: Frank DeSantis
Frank DeSantis Bio: Frank J. DeSantis is a certified Score Mentor. He is the former Program Manager of the Emerging Enterprise Center, a small-business incubator, located at the New Castle County Chamber of Commerce. Prior to joining the EEC, Frank was Executive Vice President with SCORE Delaware, the nation’s largest volunteer business counseling organization. Frank joined SCORE in 2009, after a 36 year career with Sears Holdings Corporation, Inc. Frank also previously was an Adjunct Faculty member at Delaware Technical and Community College, where he teaches a variety of business courses in strategy, accounting and funding for entrepreneurs. He also serves on the Advisory Board for DTCC’s Business Technologies Department. At Sears Holdings Corporation, Inc., Frank worked in the Stores, as a merchant, operations manager, store manager, district manager and regional human resource manager, where he developed the customer focused, operationally driven, P&L accountability skills to get things done, profitably. At the Home Office, Strategy and Business Development, Marketing and Customer Relationship Management roles, along with the stores background helped develop a practical, collaborative approach to solving problems. It is these experiences which Frank now shares with his students, and small business owners looking to succeed. After graduating from Newark Senior High School, Frank attended the University of Delaware graduating with a degree in Business Administration – Marketing. He resides in Newark, and is a member of St. Anthony of Padua parish where he volunteers every year at St. Anthony’s Italian Festival. Frank also is active with the Delaware Ovarian Cancer Foundation.