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This video highlights the importance of proper planning and preparation for a smooth transition to employee ownership. Financially, business owners need to assess the value of their company, understand their retirement goals, and determine the financing needs for the transition. Additionally, owners should gradually involve employees in management decisions, financial planning, and governance structures to prepare them for taking over operations as owners.
Owners who want to understand where to focus their planning and preparation for transitioning to employee ownership.
Business Continuity and Ownership Transition Options
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Suggest questionLearn about all business transition options including Employee Stock Ownership, Co-op conversions, and more!
Business owners will share real-life examples you can learn from and implement in your business succession planning.
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About MA Small Business Development Center Network
Learn about all business transition options including Employee Stock Ownership, Co-op conversions, and more!
Business owners will share real-life examples you can learn from and implement in your business succession planning.