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What You Need To Know To Plan Your Exit (held online)
Oct 21, 2020 @ 9:00 am - 10:30 am
Too many business owners don’t have a realistic plan for how to exit their business, earn a decent retirement income, and preserve the legacy they’ve built and the jobs they’ve created. They don’t understand their options and don’t have time to figure it out on their own.
Because of this, they wait until they are ready to retire before they think about how to exit their business, and liquidation and closure becomes the default option. Unfortunately, this option shortchanges the owner and results in lost jobs and economic assets for our communities.
Don’t let this happen to you! No matter how big or small your business, this workshop will help you understand what you need to know and plan for, and help you understand all your options and decide which one makes most sense for you. Exit planning process and options will be covered, but a deeper dive into one of the least understood options – selling to your employees – will be a focus.
**Registration is required prior to the workshop in order to receive the Zoom link to join us. This workshop is an online event.Register now!
About the Instructor:
Rob Brown is the Director of Business Ownership Solutions (BOS), a program of the Cooperative Development Institute that promotes employee ownership and works with business owners and their employees to facilitate conversions. He was part of the advisory group that successfully converted three retail businesses into the Island Employee Cooperative, which is now the largest worker co-op in Maine and the second largest in New England. He has organized numerous policy research, development and advocacy campaigns to support cooperative and employee ownership in Maine, New York, and nationally. Rob participates in several national networks promoting the strategy of employee ownership conversion and best practices in the field, including as a founding member of the Workers to Owners Collaborative. Rob studied economic development and public policy at the University of Maine and College of the Atlantic, and has a diverse background in policy research, advocacy and organizing, and non-profit and for-profit business development. Rob lives with his wife and son in Northport, Maine.