ST. PAUL — A five-week course focused on business succession strategy will be offered by University of Minnesota Extension beginning June 2.
In Minnesota, an estimated 50,000 businesses are owned by individuals 55 and older. Experts recommend starting succession planning at least five years before handing a business off to new owners. Beyond retirement, succession planning is recommended as part of preparing for the “5 D’s” that can occur: death, divorce, disability, disaster and disagreement.
The online course is designed to offer a supportive, confidential learning space for businesses of all types and sizes. Business leaders will learn about options, gain skills in strategy and learn from others in order to create a comprehensive succession plan.
Another session will begin Oct. 6.
For more information, visit z.umn.edu/BSTclass or contact Michael Darger, darger@umn.edu or (612) 625-6246.
