Axial | By: Camm Morton | August 19, 2015
Why Every Business Owner Needs an Exit Plan
An exit plan may sound like something that a business owner needs to create only when he or she is ready to leave the business. It can be, but it is also necessary at other points in the business cycle. When a professional investor or private equity group buys or helps to start a business, one of the first things they want to know is “what is their exit?” They will not invest without an exit strategy.
Why then, is the exit plan often the last thing a business owner thinks about? Everyone is going to exit sometime… it’s just a matter of when and how.
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Business Report | September 17, 2013
The next chapter - Developer Camm Morton turns his attention to a business brokerage firm.
Developer Camm Morton came to Baton Rouge in 2002 to run Commercial Properties for the Baton Rouge Area Foundation. Though no stranger to Louisiana—he lived in New Orleans until he was 15—Morton built his career out of state, developing outlet malls and shopping centers throughout the Southeast in the 1980s and 1990s. During his tenure at Commercial Properties, he was involved in the development of the Shaw Center for the Arts and the downtown establishments surrounding it—One-Eleven, Stroubes and Capital City Grill. He also helped lay the foundation for two major redevelopment projects currently under way: Smiley Heights and Acadian Village. However, Morton’s signature project at Commercial Properties was the redevelopment of the historic Hilton Baton Rouge Capitol Center, which opened in 2006. In 2008 he left Commercial Properties to form Ashby Hospitality, which assumed management of the hotel. But in 2010 Ashby was ousted by Commercial Properties in a bitter legal dispute over who would pay for accounting services at the hotel. The matter went to arbitration and has since been settled.
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Hampden-Sydney Collage | August 30, 2013
Catching Up with Camm Morton '73
Camm Morton ‘73 played football at Hampden-Sydney, but when he caught up with Engage this summer, he admitted that he can often be found rooting for a different Tigers team. With a laugh, Morton says spending fall Saturdays cheering for Louisiana State University’s powerhouse program is just part of the culture that comes with living in Baton Rouge, Louisiana, where he is continuing a lengthy career in business and real estate.
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