Business Success(ion) Creating a Plan

Partners: University of Minnesota, Cook County Grand Marais EDA, and Cook County Higher Education

Educators: University of Minnesota Extension and VisionOneHigh PerformanceGroup

Cost: Because of a generous grant, your cost is only $250 * CCHE is also offering an additional $50 scholarship

Registration Deadline: February 11, 2021 5pm

Registration: https://mycche.org/event/business-successioncreating-a-plan/ | 218-387-3411 | office@mycche.org

Dates/Times:

Week 1 (Kick-Off Session): February 18 8am-10am

Week 2: February 25 8am-9:30am

Week 3: March 4 8am-9:30am

Week 4: TBD

Week 5: March 18 8am-9:30am

Week 6: TBD

Week 7: Aprl 1 8am-9:30am

Week 8: TBD

Does your business have enough value to achieve your goals: 80-90% of business owner’s financial assets are tied up in their business. Will you have enough personal assets when you exit your business to do what you want?

Less than 24% of business owners have a succession/ transition plan and less than 5% realize a successful transfer due to unexpected life events.

The University of Minnesota Extension and VisionOne High PerformanceGroup have partnered to bring you an 8-week succession and transition planning course, specifically designed for small businesses in rural Minnesota

What will you gain by participating?

Build knowledge and ability to strengthen your business in preparation for a succession event. Learn about resources in your community and how to leverage them.

Draft a formal, written succession plan that addresses and supports your most important business succession, personal wealth, and legacy desires and needs.

Engage in an online learning community featuring five weekly sessions including one 120-minute kickoff session and four 90-minute sessions to enhance your succession planning knowledge.

During weeks 4, 6, & 8 business owner participants will meet in their community with local economic development facilitators and other local resources to apply their learning.