Northeast Radio SD: On-Demand Local Listen
Are you a "Silver Tsunami" business owner ready to retire, or thinking about what's next for your company? 🌊 On the latest episode of The Entrepreneur's Edge, Dr. Melissa Meidinger joined Steve to talk about a critical topic for our local economy: Succession and Exit Planning for Small Businesses. Small business owners are the superheroes of our communities—they sponsor local sports teams, drive our economy, and keep our main streets vibrant! But what happens when those superheroes are ready to hang up their capes? Here are a few key takeaways from Dr. Meidinger: * Plan Ahead: Succession planning isn't something you do overnight when you're ready to retire. It should be a strategic process that takes 2 to 5 years! * Look Within: The best person to take over your business might already be working for you. Training key employees on the business side of operations (not just the day-to-day tasks) is a great succession strategy. * Know Your Value: Understand what makes your business valuable—whether it's cash flow, physical assets, or income potential—so you can set yourself up for a successful exit. * Free Resources Are Available: You don't have to figure this out alone! The Small Business Development Center (SBDC) is a free resource available to help you navigate succession planning, business valuation, and connecting with the right tools. Don't let your hard-earned legacy close its doors. Whether you're looking to retire, sell, or pass the torch to a family member or employee, start planning your strategy today! 👉 Need help getting started? Reach out to the Small Business Development Center or check out the entrepreneurship programs at Mitchell Technical College! #SmallBusiness #Entrepreneurship #SuccessionPlanning #SupportLocal #BusinessStrategy #SilverTsunami #NortheastRadioSD
100 jaksot
Kommentit
0Ole ensimmäinen kommentoija
Rekisteröidy nyt ja liity Northeast Radio SD: On-Demand Local Listen-yhteisöön!