Passing the Torch: Succession Planning

You’re invited - Wednesday, Dec. 11, 12 noon

Passing the Torch: Business Succession Planning in Rural Minnesota

Small businesses are the heartbeat of rural communities, driving local economies and creating opportunities. Yet, with the looming "silver tsunami" of retiring Baby Boomers, more than 52,000 businesses in Minnesota are expected to face ownership transitions or risk closure in the next 5–10 years. Only 30% of business sales are successful nationwide, meaning 70% fail on the first attempt.

Succession planning—deciding what happens when a business owner can no longer or no longer wants to run their business—is critical for both rural and urban Minnesota.

Despite its importance, a recent report shows that only 19% of Minnesota business owners have prepared for this transition. Join us for an engaging and informative webinar to explore this crucial issue, understand its impact on local economies, and learn actionable strategies for successful business transfers.

Passing the Torch: Business Succession Planning in Rural Minnesota

Wednesday, Dec. 11, 12:00 noon-1:30 pm

Free virtual event!

REGISTER

Panelists:

Sarah Harstad, PhD, Researcher, Center for Rural Policy & Development
Jon Keimig, Executive Director, University of St. Thomas Family Business Center
Michael Darger, Extension Specialist, University of Minnesota Extension
Kirsten Kennedy, Executive Director, Minnesota Center for Employee Ownership

Moderated by Kate Raddatz, McClung PR

CENTER FOR RURAL POLICY & DEVELOPMENT
PO BOX 3185
MANKATO, MN 56002
WWW.RURALMN.ORG

Passing the Torch: Succession Plannin...

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