Why Start From Scratch? Reasons to Buy a Business Instead!
Most would-be entrepreneurs are stymied by the concept of coming up with the "Big Idea." As a result, many women entrepreneurs begin to think of starting a one-woman small business and ignore the enormous world of businesses for sale.
This webinar will tackle the issues of both finding and recognizing business opportunities with some real life examples and a few rules of the road from a fellow Booth alumna who has purchased, tweaked and later sold several companies in varying industries. We’ll allow time for questions and discussion in an “Ask the Expert” section of the program.
Our webinar is led by Caryl Pedersen, '76, a current Professor of Finance teaching Entrepreneurial Finance in an MBA program. Caryl has also been a UCWBG Director and VP of Programs, and has bought and sold several businesses herself.
By popular demand, this presentation ran as a live meeting, as part of the UCWBG’s “Accidental Entrepreneur” series. This is the first time we’ve made this information available to a large audience in webinar format. If you’ve ever considered going into business, you won’t want to miss this program!
About the Speaker
Caryl H. Pedersen holds a 1972 AB Cum Laude in Economics and Finance from the Wharton School of Finance and the College of Liberal Arts for Women of the University of Pennsylvania. She received her MBA with honors in Finance from the University of Chicago in 1976. Additionally, she holds a Certificat D’Etude D’Etranger in French language and literature from the Sorbonne at the University of Paris, France.
From 1972 until 1994 she was a financial executive in numerous positions at First Chicago, G. D. Searle Pharmaceuticals, Bank of Montreal, and Westpac Banking Corporation. Since 1994 she has been an independent entrepreneur and has originated various transactions where she has become Principal, Chief Financial Officer, and Treasurer of four companies. These companies include: Millennium Events, LLC, a Chicago manufacturer of specialty décor; Fidelity Loan Bancorp, Inc., a LaSalle Street lending institution; Jewels by Stephanie, a retail jewelry store; and First State Auto Finance, Inc., a car finance company. Millennium Events was successfully sold to a strategic acquirer in 2005.
Since 2001, she has been a Professor of Finance at the Keller Graduate School of Management, where she has both taught and developed Managerial Finance, Advanced Managerial Finance, Entrepreneurial Finance, Real Estate Finance, and Mergers and Acquisitions courses.
Caryl is a fifth-generation Chicagoan and lives with her husband in the Lincoln Park area of Chicago. Her hobbies include overseas travel, foreign languages, and team sports. She is an avid Chicago Bears fan and a Cubs season ticket holder. She is a former Board Member of The University of Chicago Women’s Business Group and is a member of the Harrison Society of the University of Pennsylvania.