It's tempting for small business owners to focus on the present, but it's important to have some kind of succession plan in place to preserve the legacy of your business.
Succession planning will allow your business to survive once key leaders are no longer there, either by choice or other circumstances. A good succession plan lets qualified employees quickly transfer into management roles, making sure the core functions of the business continue uninterrupted.
Without a proper plan, businesses may sacrifice big clients, business knowledge, expertise and the ability to recruit and train new hires.
Join the UIC Family Business Council for a workshop discussing successful succession planning techniques for small business owners and entreprenuers. The course will cover common business arrangements, like shareholder agreements and "buy-sell" agreements.
Date: Thursday, June 24, 2010
Time: 10am - 12pm
Location: Offices of Burke, Warren, MacKay & Serritella P.C., 330 North Wabash Avenue, 22nd floor, Chicago
Cost: FREE
For more information, contact Jonathan W. Michael at 312.840.7049, Jeffrey D. Warren at 312.840.7020 or Judy Hogel at 312.413.5433.
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