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.