22 MiMfg Magazine September 2021
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New Member Service Helps Build Company Value
MFG Value Growth Services powered by Prometis Partners
Businesses that have a strategic plan in place are more inclined to add value and align personal , business and financial goals to focus on what they want to see happen in the future . There are crucial changes that a business owner needs to make to improve their company ’ s cash flow and value over time . Plan for your future with discounted business succession services from MMA Partner , Prometis Partners .
Prometis Partners specializes in helping business owners build value in their company and prepare a proper succession plan . MMA members can save 10 percent on the following services :
• Family business succession planning
• Business succession planning
• Business valuation
• Value acceleration
• Leadership development
• Sale of business consulting
Get More ! Save 10 % while building value in your company and preparing a proper succession plan . Scan to get started .
Five Key Steps to a Successful Transition
1 Create your vision for a successful transition
2 Secure senior manager commitment
3 Determine organizational readiness
4 Anticipate organizational risks
5 Define successful transition Learn more at mimfg . org .
Additional Business Planning Resources
Prometis Partners is a long-time supporter of MMA , our members and the manufacturing industry and have provided resources to help your business prepare for the future . The following resources are also available by scanning the QR code above .
Webinar : Succession in a Family-Owned Business Transitioning a family-owned business from one generation to the next is a delicate balancing act . Hear from manufacturing leaders who have pulled off successful transitions in this on-demand webinar hosted by MMA and Prometis Partners and learn how they created a sustained competitive advantage , boosted customer satisfaction and maintained family ties .
Planning for Family-Owned Business Succession Family-owned manufacturing leaders share their advice for what to do — and what not to do — to ensure a transition free from internal strife . Read how family-owned companies Cascade Engineering , Fullerton Tool , Koeze , PTM Corporation and Stormy Kromer passed the baton in the July 2021 issue of MiMfg Magazine .
Five Key Steps to a Successful Transition A successful transition increases revenue , cuts costs and boosts customer satisfaction . It also frees up critical resources . Prometis ’ Vincent Mastrovito provides five tips which are key to pulling off a successful transition in the MiMfg Magazine May 2020 issue .