Succession/Transition Planning: Where to Start? When to Start? How do we Value the Business? What are All the Options Available? How do we Pursue Them?
The coming years will see the largest transfer of wealth – ever. Much of this wealth is tied to privately held businesses. For those with family members or individuals within the company ready to take over, great. But what about the rest of us…? GPS:45:93, a regional economic development consortium serving East Central Minnesota, will host a seminar focused on this topic on Wednesday, May 23rd at Lakes Region EMS Conference Room in North Branch. Succession/Transition Planning will touch on all facets: when to begin planning, how to work today to drive the highest value of the business later,understanding what options are available and to how to find them.
We are pleased to be hosting Rob Gales, Michelle Bonahoom and associates for an informative discussion on succession readiness. This is critical to our region to keep businesses and employees in our region and make sure we are helping to provide resources that can help with transition planning – whether it be 6 months or 6 years from now, business owners are strongly encouraged to attend.