POSTPONED – Thinking of Buying or Selling a Business
March 31, 2020 @ 1:00 pm - 3:00 pm
** FREE Education Workshop – Registration is required!**
- The process of Selling a Business
- Considerations for Buying an Existing Business
- Types of Business Ownership including Employee/Worker Owned Options
By attending this training, you are taking an important step to building a better business.
Many business owners still face important decisions about selling their business or passing it on to a successor. Successful ownership transition helps one entrepreneur hand off a business to another entrepreneur while maintaining and growing operations and staffing capacity in mutually beneficial ways.
According to Small Business Administration (SBA), within the next 10 to 15 years approximately 70% of privately owned businesses will exchange hands. This exchange will represent the largest intergenerational transfer of wealth in the U.S. History. Family businesses comprise 90% of all business enterprises in North America and 64% of the total U.S. employment. Only 30% of family businesses in the U.S. are currently scheduled to pass to next-generation family members.
Buying or Selling a business is not an event, it’s a process. Success in any process starts with a plan. Successful entrepreneurs at minimum have a business plan for the beginning, and a succession plan for the end of their business ownership. This training session will touch upon these factors to help your dreams of transitioning into or out of business ownership.
Presenters: Jean Cook, CAP Services business development specialist; and Courtney Berner, UW-Center for Cooperatives executive director