Blueprint for Your Business Future
Succession Planning Workshop for Immigrant Entrepreneurs
Immigrant-owned businesses too often lack a succession plan to continue operating when the owner retires, dies suddenly, or is forced to stop working because of personal issues. Rather than being sold for fair market value, these businesses abruptly close their doors. Neighborhoods lose out and workers lose jobs.
Topics covered include:
Transition Planning - Why Plan Now?
Anticipate unexpected circumstances • Find the best strategy for you •Avoid costly expenses and taxes
Selling your Business
How to make a smart sale • Understand the sales process •Locate trustworthy sales professionals • How to find qualified buyers
Business Valuation – How Much is Your Business Worth?
Determine the value of your business • Common valuation approaches • Steps you can take to increase the value of your business
Who will take over? • Select and train successors • Understand the role of the family • Manage the transition smoothly
Workshop instructor Barbara Roberts has forty years of experience helping small businesses reach next stage growth.
Blueprint is funded through THRIVE, a program of the New York City Economic Development Corporation.