How Ready are Owners for Business Succession and Transition?

(Image Source: Scott Graham / Unsplash)

Join us for a virtual webinar as we explore the findings of business owners regarding their awareness, attitudes, aspirations, and preparedness for business succession and transition with guest presenter, Michael Darger.

Business Succession and Transition (BST) is the process of preparing for and transferring business leadership and ownership. This is a critical issue for baby boomer retirements as 55 plus owners hold approximately 50 percent of businesses in Minnesota and the United States.

This webinar will share findings from a recent survey of small businesses in Minnesota that explored business owner awareness, attitudes, aspirations, and preparedness for transferring their business when the time comes. Join us for a free virtual webinar as we discuss the importance of business succession and transition planning and highlight what community economic development practitioners can do to support small businesses with guest presenters, Michael Darger.

Wednesday, July 31, 2024

12:00-1:00 PM (CST)

Our Presenter

Michael Darger, Extension Specialist, Community Economics Director, University of Minnesota-Extension

Michael is is a community economics specialist who manages UMN Extension’s Business Retention and Expansion program. His current education and research interest is business succession and transition (BST). He is researching business owners’ understanding, attitudes and preparation for succession and transition. A related interest is the conversion of businesses to employee-owned businesses such as ESOPs, cooperatives, or employee ownership trusts. He also teaches Business Retention & Expansion (BRE) courses to economic development audiences and provides BRE consulting and applied research for Minnesota communities. He has served on the boards of economic and community development organizations and edited a book in 2019 Business Retention and Expansion (BRE) A Practical Approach to Economic Development (Rutledge). He serves on the board of the Northeast Investment Co-op in Minneapolis.

This webinar is co-sponsored by:

This webinar was made possible, in part, by federal award number SLFRP0135 awarded to the Board of Regents of the University of Wisconsin System on behalf of the University of Wisconsin-Madison Division of Extension via the Wisconsin Economic Development Corporation and the Wisconsin Department of Administration a grant from the United States Department of Commerce Economic Development Administration and is being supported, in part, through the Economic Development Administration University Center at the Division of Extension, University of Wisconsin-Madison.
Any opinions, findings, conclusions, or recommendations are those of the presenter and do not necessarily reflect the views of the sponsors.

Equal Employment Opportunity & Affirmative Action Statements

We value inclusion and access for all participants. We are happy to provide accommodations to help you fully participate in this event.

An EEO/AA employer, University of Wisconsin-Madison Division of Extension provides equal opportunities in employment and programming, including Title VI, Title IX, the Americans with Disabilities Act (ADA) and Section 504 of the Rehabilitation Act requirements.Como empleador que brinda igualdad de oportunidades en el empleo y acción afirmativa (EEO/AA, por sus siglas en inglés), la University of Wisconsin-Madison Division of Extension, proporciona igualdad de oportunidades en el empleo y en sus programas, incluyendo los requisitos del Título VI, Título IX, la ley federal para personas con discapacidades en los Estados Unidos (ADA, por sus siglas en inglés) y los requisitos de la Section 504 del Rehabilitation Act.Tus Tswv Hauj Lwm Ntawm (EEO/AA), ntawm lub Tsev Kawm Ntawv Qib Siab (University of Wisconsin-Madison Division of Extension) pab rau kev ncaj ncees txog kev hauj lwm thiab kev pab cuam, xws li nyob rau hauv Title VI, Title IX, thiab ntawm tsab cai Americans with Disabilities Act (ADA) yuav tsum kom muaj thiab Feem 504 ntawm the Txoj Cai Kev Pab Rov Tsim Kho Uas Tau Teev Tseg.
Please make requests for reasonable accommodations to ensure equal access to educational programs as early as possible preceding the scheduled program, service, or activity.Para asegurar un acceso igualitario a los programas educativos, haga el favor de solicitar adecuaciones razonables lo más pronto posible antes de la fecha del programa, servicio o actividad.Xav thov kom ua txoj kev thov laj thawj thiaj li tau cov kev pab cuam ntxov li ntxov tau ua ntej rau li lub caij nyoog ntawm cov kev pab cuam, kev pab los yog dej num no.
For communicative accommodations in languages other than English, please contact pedir adecuaciones para la comunicación en un idioma distinto al inglés, favor de comunicarse con: kev sib tham pab cuam rau qhov lwm yam lus ntawm lus As Kiv (English), thov sau ntawv rau:
For communicative accommodations based on a disability, please contact Heather Lipinski Stelljes at: for the public.Para personas del público que quiera pedir adecuaciones para la comunicación debido a una discapacidad, favor de comunicarse con: heather.stelljes@wisc.eduRau kev sib tham pab cuam rau kev puas cev xws li tes taw, thov sau ntawv rau:
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