Here you can see all the events we host across the Tri-State area in New York, New Jersey, Hartford CT and Fairfield County CT.
Kickoff the new season with a chance to reconnect with XPX NY members and make new contacts at XPX NY’s fall cocktail party and networking event.
Location and further details to come!
Whether a company is looking to grow, manage or ultimately harvest the value that has been created, owners must have a strong understanding of the capital markets environment. In this session, we will be joined by Jeff Paz (SVP – People's United Bank) and John Chapman (Principal – Arcade Partners) who will be discussing the current trends for lending and M&A activity.
Stay tuned! Program information is coming soon.
Ann Bank Parking Garage
41 Bank Street, Morristown, NJ
DeHart Street Parking Garage
14 Maple Ave, Morristown, NJ
In this session, we will have:
The Smith Family Business Initiative at Cornell is dedicated to supporting and strengthening the network of owners, leaders and Cornell alumni that work in, with or for a family business. The program provides education, networking and new knowledge for family business owners, successors and students from across the globe. This session will focus on the particular dynamics of family businesses, best practices for governance and preparing the transfer to the next generation.
Business owners commonly face a dilemma of whether to hold on to their business, continuing to enjoy its financial rewards and the sense of fulfillment and purpose it gives, or cashing in to secure their future and lower their risk profile. Oftentimes, a need for liquidity, either for oneself or for a passive shareholder, may drive the owner to sell before he or she is ready. Adding to the anxiety, the question of when to sell can arouse all sorts of fears that had been suppressed or ignored over the years, such as:
There is a path that a surprising number of entrepreneurs are not aware of, one that lies in that middle zone and lets them keep the cake while taking an outsized slice for themselves – a partial recapitalization. Rather than agonize over whether they are selling too soon, owners should give serious consideration to a recap because it allows them to continue to own and control their company while still addressing any liquidity needs or securing their personal finances.
In this session, we will hear from an owner who has sold his business. The discussion will cover the good and the bad, the emotional rollercoaster owners experience, his experience with his advisors, and what pitfalls to avoid.
Several organizations exist for business owners who have sold their business and come into life changing wealth. Tiger 21 is a peer membership organization for high-net-worth wealth creators. The organization currently has more than 500 Members across North America and London, collectively managing approximately $51 billion in assets. The group holds monthly meetings that provide its members with a confidential peer forum in which to explore a range of critical issues including investment strategies, wealth preservation, philanthropy, estate planning, health issues, and family governance.
Businesses that are established by two or more founders commonly face a point when one founder wants or needs to exit the business before the other. A useful tool in those situations is a buy/sell agreement, hopefully set up early on in the business, which determines the terms and valuation to allow the remaining owner to buy out his partner. In this session we will explore:
When is the right time to implement a buy/sell agreement?
How is valuation determined?
What is the alternative to a buy/sell agreement?
When seeking to attract capital into your business, owners need to understand the language and motivation of institutional investors. Owner often don’t understand that selling to investors is entirely different than selling to customers. In this session we will cover:
How to position your company to investors and where it sits relative to larger companies in its industry
Being candid about the company’s shortfalls and areas for improvement
How to approach financing sources
No company should execute a transaction without professional help. In this session we will explore: