BEGIN:VCALENDAR VERSION:2.0 PRODID:-//ChamberMaster//Event Calendar 2.0//EN METHOD:PUBLISH X-PUBLISHED-TTL:P3D REFRESH-INTERVAL:P3D CALSCALE:GREGORIAN BEGIN:VEVENT DTSTART:20241211T180000Z DTEND:20241211T193000Z X-MICROSOFT-CDO-ALLDAYEVENT:FALSE SUMMARY:Passing the Torch: Succession Planning DESCRIPTION:You're invited - Wednesday\, Dec. 11\, 12 noon\n Passing the Torch: Business Succession Planning in Rural Minnesota\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n\n \n \n \n \n \n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 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.\n\n \n\n 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. \n\n \n\n 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.\n\n \n\n Passing the Torch: Business Succession Planning in Rural Minnesota\n\n \n\n Wednesday\, Dec. 11\, 12:00 noon-1:30 pm\n\n \n\n Free virtual event!\n \n \n \n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n REGISTER\n \n \n \n \n \n \n \n \n \n\n \n \n \n \n \n \n \n \n Panelists:\n \n Sarah Harstad\, PhD\, Researcher\, Center for Rural Policy & Development\n Jon Keimig\, Executive Director\, University of St. Thomas Family Business Center\n Michael Darger\, Extension Specialist\, University of Minnesota Extension\n Kirsten Kennedy\, Executive Director\, Minnesota Center for Employee Ownership\n \n \n\n Moderated by Kate Raddatz\, McClung PR \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n\n \n \n \n \n \n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n CENTER FOR RURAL POLICY & DEVELOPMENT\n\n PO BOX 3185\n\n MANKATO\, MN 56002\n\n WWW.RURALMN.ORG X-ALT-DESC;FMTTYPE=text/html:\n \n \n \n \n \n \n \n \n \n \n \n
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You&rsquo\;re invited - Wednesday\, Dec. 11\, 12 noon

\n Passing the Torch: Business Succession Planning in Rural Minnesota
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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&ndash\;10 years. Only 30% of business sales are successful nationwide\, meaning 70% fail on the first attempt.
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\n Succession planning&mdash\;deciding what happens when a business owner can no longer or no longer wants to run their business&mdash\;is critical for both rural and urban Minnesota.
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\n 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.
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\n Passing the Torch: Business Succession Planning in Rural Minnesota
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\n Wednesday\, Dec. 11\, 12:00 noon-1:30 pm
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\n Free virtual event!
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REGISTER
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Panelists:\n
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  • Sarah Harstad\, PhD\, Researcher\, Center for Rural Policy &\; Development
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  • Jon Keimig\, Executive Director\, University of St. Thomas Family Business Center
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  • Michael Darger\, Extension Specialist\, University of Minnesota Extension
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  • Kirsten Kennedy\, Executive Director\, Minnesota Center for Employee Ownership
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\n Moderated by Kate Raddatz\, McClung PR
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CENTER FOR RURAL POLICY &\; DEVELOPMENT
\n PO BOX 3185
\n MANKATO\, MN 56002
\n WWW.RURALMN.ORG
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\n LOCATION: UID:e.3631.4112 SEQUENCE:3 DTSTAMP:20260430T024444Z URL:https://business.north65chamber.com/events/details/passing-the-torch-succession-planning-4112 END:VEVENT END:VCALENDAR