Are you part of the 60% of small business owners who were born between 1946-1964 who are nearing retirement?

Do you recognize the need for a succession plan, but feel hindered by the cost, time and lack of resources?

Is your business located in Lake City, Blue Earth, Northfield, or greater Faribault County?

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.

• Engage in an on-line learning community featuring five bi-monthly sessions including one 120-minute kickoff session and four 90-minute sessions to enhance your succession planning knowledge

• In the alternating five weeks, business owner participants will meet in-person in their community with local economic development facilitators and other local resources to apply their learning.

• By the end of the course, you will have drafted a formal, written succession plan that addresses and supports your most important business succession, personal wealth, and legacy desires and needs.

What is the commitment?

• This program is ten weeks in length and will run from March-May 2020. Each week, you will spend 1-2 hours on the succession activities.

• Participate in the five on-line learning sessions. The online sessions will take place on the following Wednesday mornings:

March 4, 8:30-10:30 a.m.

March 18, 8:30-10:00 a.m.

April 1, 8:30-10:00 a.m.

April 15, 8:30-10:00 a.m.

April 29, 8:30-10:00 a.m.

• Attend five local meetings in your community with other business owners and your economic development facilitator to complete the coursework for each session. These will be scheduled by your local facilitator.

What is the cost?

• Because of a grant from the Southern Minnesota Initiative Foundation, your cost as a business owner is only $100.00 for the full 10-week course. You may register more than one owner and receive a reduced price for additional registrations. You will receive a special code upon completing your first registration.

Other details:

• You will have access to an online learning platform that will include participant discussion boards, course materials, and supplemental items.