This workshop helps entrepreneurs understand the steps in planning for the eventual transfer of the business to a successor. This 3-part series developed by MassMutual and SCORE takes the business owner through the process of exit planning including the three related areas of succession planning, retirement planning, and estate planning.
The statistics on businesses surviving through multiple generations are staggering. The good news is business owners can buck these trends with proper planning. This 3-part series workshop, developed by MassMutual and SCORE, will help you plan for the next stage for your business, for yourself, and for generations to come.
Part 1: Succession Planning helps entrepreneurs understand the steps in planning for the eventual transfer of the business, including:
• Knowing the value of the business
• Choosing and preparing the appropriate successor
• Having it all in writing
At the end of this workshop session, clients should be prepared for a variety of business exit strategies – both voluntary and involuntary.