Hats off to MJ Schoer for sharing his fascinating multi-level business transition story to a well attended meeting in Portsmouth held at Tuscan Kitchen Tuesday night. The event was jointly presented by Business Transition Strategies and mPower Advisors.
Called “Transition to Freedom” the event included a Q&A session with the former owner and founder of Jenaly Technology Group, Inc. of Portsmouth. MJ sold the company to Internet & Telephone which in-turn was acquired by a much larger industry player with a national footprint. He talked about what it was like to inform his employees; how he went from being an owner to being an employee and department leader; what it was like to be part of the team absorbed into a national company; and why he ultimately decided to step down and focus on new ventures.
Attendees to the event held at Tuscan Kitchen Portsmouth, enjoyed the Q&A session, specialty foods and great networking. Another event entitled Business Owner Master Class is scheduled for late September in Manchester and will look at sell side and buy side perspectives, as well as other topics.
Here’s a summary of the night from our guest of honor, MJ.
"The entire process went smoothly and professionally. The BTS team kept me fully informed at every step. They worked hard and were effective in bringing the deal home."
"Skip and I continue to be grateful for all you have done to make the sale of Pure Flow come to fruition."
"BTS’s level of expertise in the process and close attention to detail enabled us to successfully navigate the deal."
"These types of transactions are often long and complicated and I doubt it could have been successfully completed without your close ongoing involvement."
"The outside objective point of view that you have brought us has been invaluable as we prepare for the rapid growth."
"John then found the right buyer and coordinated a seamless transition—he doesn’t miss a single detail."
"John immediately identified our strengths and experiences and discussed a business that ultimately was more in line with our goals."
"The BTS team came in, evaluated everything in a professional and thankfully non-threatening manner."
Transition to Freedom explores business transition experiences
Hats off to MJ Schoer for sharing his fascinating multi-level business transition story to a well attended meeting jointly presented by Business Transition Strategies and mPower Advisors.
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