UNDERSTANDING AND SUPPORTING BUSINESS SUCCESSION: A WORKSHOP FOR COMMUNITY LEADERS

REGISTRATION

Early Registration ends on October 11!

A silver tsunami of baby boomer retirements will sweep the nation in the coming years. Sixty percent of current small business owners were born before 1964, and during the next 17 years, a baby boomer business owner will turn 65 every 57 seconds.

Rural communities are especially concerned about retiring baby boomers, and others, who plan to sell their businesses. The health of small businesses is critical to rural economies. They not only provide jobs but also important goods and services needed for rural quality of life.

Beyond economic contribution, small businesses also play a crucial role in the civic and philanthropic life of rural communities. For small business owners in rural areas, the community is not just where they conduct business — it is also their home. The economic and civic structure of the community benefits from their success.

This workshop will provide an overview of recent Extension research on the topic of business succession and transition as well as insights into the technical elements of business succession from business transition advisory firm VisionOne. Participants will explore their role in business transitions and create an action plan to support business succession in their community.