Join us as we share new research on planning for business succession. The research includes insight from surveys from over 30 business owners. During this presentation you will learn about the:
People and parties who have an impact and influence on business leadership succession. How do they help determine what plan is right for your business?
Need for a diverse cast of succession advisors. What benefits do you receive from having multiple advisors involved?
Importance of going beyond family members for a generational transition of a family business. Who to include to have a successful business succession plan?
Hazard of existing succession plans, which may offer a false sense of progress. How long has it been since you reviewed your succession plan?
Extension Community Economics Specialist Michael Darger will be joined by Ben Cutler, a recent graduate of Concordia University (Saint Paul) Masters of Human Resource Management program.
Ben’s research was a culmination of a year's worth of work for his final project for his master's program. Ben has worked as an HR professional in payroll and as a teacher. He will be continuing to learn about succession planning and spreading the importance of this topic for business owners.