SUNY Canton hosting webinar to help business owners transition to retirement
CANTON - Too many business owners don’t have a realistic plan for how to exit their business, earn a decent retirement income, and preserve the legacy they’ve built and the jobs they’ve created. They don’t understand their options and don’t have time to figure it out on their own.
The Covid-19 pandemic has only worsened an already challenging situation, forcing many Baby Boomer to accelerate their business exits. Because of this, liquidation and closure often becomes the default option. Unfortunately, this option shortchanges the owner and results in lost jobs and economic assets for our communities.Don’t let this happen to you. No matter how big or small your business, this free webinar on Wednesday, June 16 from 9 to 11 a.m. will help you understand the exit planning process and help you decide which option makes the most sense for you.
This virtual event will be presented by Rob Brown from the Cooperative Development Institute, an organization that works on developing start-up cooperative businesses or transitioning existing businesses to a cooperative model. Rob will review exit planning options and take a deeper dive into one of the least understood strategies – selling to your employees.
Ward Lumber CEO, Jay Ward will share his worker-coop transition story and answer questions. Even if selling to your employees isn't an option you've considered, this case study is a fascinating look into a growing trend in small business transitions.
To close-out the event, Dani Delaini, coordinator for the North Country Center for Businesses in Transitions and Angela Smith from the SBDC will provide information on resources available to support owners seeking to transition their companies to a new generation of owners.
The workshop is hosted by the SUNY Canton Small Business Development Center (SBDC)
Two register, visit https://register.gotowebinar.com/register/3403309960566205456