Pass It On: The Entrepreneur's Succession Playbook : Harry M. McCabe

Harry Speaks to ASWA

2009-11-24T13:56:00.001-06:00

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

2009-11-12T14:12:00.003-06:00

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

2009-10-28T15:21:00.009-05:00

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

2009-10-23T13:09:00.006-05:00

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

2009-09-03T15:49:00.005-05:00

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

2009-03-26T16:33:00.002-05:00

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

2009-02-27T09:07:00.006-06:00

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.

2009-02-10T11:50:00.000-06:00

Harry McCabe presented a 2-hour continuing professional education workshop to partners and senior managers at Hochfelder & Weber, PC. Chicago, IL. The interactive session highlighted the need for development of a sustainable ownership succession plan.

Advisor Roundtable - "Focus on Growth"

2009-01-16T15:03:00.006-06:00

Harry facilitated a two hour open dialogue between a dozen professionals from various backgrounds on the meaning of growing a profitable company. Prior to the discussion, harry asked each of the attendees to think about how private business owners should produce a "plan” that works.”

Read some of the attendee’s comments

“I picked up valuable tidbits from almost each person on ways to help clients and obtained good information to share with clients.”
Markus May
Eckhart Kolak, LLC

"Thank you for inviting me to Tuesday's Executive Roundtable meeting. I did not know what to expect but it was terrific. I hope everyone there got as much from it as i did."
Richard J. Kennedy, Principle
New Clients Now!

2008-12-12T11:38:00.004-06:00

Harry M. McCabe, Advisor and staff would like to wish everyone a safe and happy holiday season and a prosperous year in 2009.

2008-11-13T14:50:00.002-06:00

Executive Briefing October 7th, 2008

2008-10-22T15:57:00.002-05:00

The October Briefing titled: Asset Management, was a collaborative success! As always, a special thanks to the attendees for their insight. Harry presented the following questions as discussion points of this meeting:

1. What excites you most about working with other professional advisors?

2. Who should assume leadership positions and be accountable for management of financial risk?

3. How do you plan on keeping your firm nimble enough to adjust to turbulent economi times?

Executive Briefing: Tuesday, September 9th

2008-09-10T12:29:00.004-05:00

In Which Direction is Your Entrepreneurial Ship Heading?

Hosted By: Harry M. McCabe

September's Executive Briefing was a success!

Harry McCabe's monthly roundtable discussion includes an average of 8 to 10 advisers from difference backgrounds for a multidisciplinary focus on various issues facing private business ownership. The focus of the September 9th briefing was on the meaning of entrepreurship. The following questionsare an example of material that was presented to stimulate this months discussion.

- What excites you most about running your own Ship?

- Who should assume leadership positions and earn promotions to help keep

your enterprise on course?

- How do you plan on keep your organization numble enough to adjust

to turbulent economic times?

As an avid boater, McCabe keeps a personal

twist to his message!

"It was a pleasure participating Harry McCabe's Executive Roundtable discussion -"Which Direction is Your Entrepreneurial Ship Headed?" The attendees shared some intriguing insights into entrepreneurship issues that face me and those of my clients. I look forward to getting to know the other consultants and their businesses better and I will be on the look out for opportunities to expand upon the dialogue we started today. "

Arieh M. Flemenbaum, Attorney at Law, Griffith & Jacobson, LLC

McCabe Presents at Oak Park Ave. Mainstreet Association

2008-08-18T11:58:00.006-05:00

Harry McCabe presented to the Oak Park Avenue Mainstreet Association in Tinley Park, IL on Thursday, August 14th.
The association is committed to the betterment of local merchant opportunities and to the preservation of community.
McCabe's message regarded the importance of family business owners to look ahead and be prepared for the next generation of ownership. McCabe explained his Ownership Transference Model as a process for multigenerational businesses to utilize customarily. Every business as well as every family is unique with specific needs; McCabe explained that his model provides a base that is meant to change with individual business needs.

American Association of Certified Public Accountants

2008-08-02T14:51:00.007-05:00

Closely-Held Business Succession Planning
Harry M. McCabe, Advisor joined affiliates and colleagues at the Advanced
Estate Planning Conference hosted by the
American Institute of Certified Public Accountants, (AICPA) on Monday, July 28th, 2008

McCabe was a participant in the Closely-Held Business Succession Planning session.
The segment provided insight into a continuing case study dedicated to the observation of the essential compositions of a business succession plan.

Turnaround Management Association

2008-08-02T14:29:00.004-05:00

Friday, May 16th

Harry McCabe joined fellow members of the Turnaround Management Association (TMA)
on Friday, May 16th to lend a hand to the Chicago Abused Women’s Coalition (CAWC).

McCabe serves on the Chicago Community Service
Committeeof the TMA, which organized this event.
Harry McCabe has been a member of the TMA for a little over a year.

Chicago Book Fair June 7th & 8th 2008.

2008-07-01T15:16:00.007-05:00

Harry McCabe Advisor offices have been operating in the South end of the Chicago Loop for over 2 years. It's a neighborhood we are proud to spend our time in.

Business Ownership Needs To Address The Issue

2008-06-23T17:17:00.001-05:00

My Succession Planning Model provides a process for owners to look internally at the leadership talent and seek answers. Can the key employees and next generation continue the business and allow the current owner(s) to exit with confidence?

Harry McCabe Advisor at CEPA 2008

2008-06-21T12:46:00.004-05:00

April 22nd-25th, 2008
The Chicago Exit Planning Institute
University of Chicago Gleacher Center

Harry speaks to
guests and members of the
Certified Exit Planning Advisor Program.