IMPORTANT UPDATE: This event has been canceled due to the ongoing threat of COVID-19.
At this time, the UW Center for Cooperatives is planning to move forward with events scheduled to take place after April 10, 2020.
UW-Madison is actively monitoring the COVID-19 situation in collaboration with county, state, and federal agencies. Please check back for updates on the status of UW Center for Cooperatives events. If you have registered for a UWCC event, you will be contacted directly if we are considering canceling the event. Thank you for your understanding.
- The process of selling a business
- Considerations for buying an existing business
- Types of business ownership including employee/worker owned options
- Courtney Berner, Executive Director, UW Center for Cooperatives
- Jean Cook, Business Development Specialist, CAP Services, Inc.
Many business owners still face important decisions about selling their business or passing it on to a successor. Successful ownership transition helps one entrepreneur hand off a business to another entrepreneur while maintaining and growing operations and staffing capacity in mutually beneficial ways.
According to Small Business Administration (SBA), within the next 10 to 15 years approximately 70% of privately owned businesses will exchange hands. This exchange will represent the largest intergenerational transfer of wealth in the U.S. History. Family businesses comprise 90% of all business enterprises in North America and 64% of the total U.S. employment. Only 30% of family businesses in the U.S. are currently scheduled to pass to next-generation family members.
Buying or selling a business is not an event, it’s a process. Success in any process starts with a plan. Successful entrepreneurs at minimum have a business plan for the beginning, and a succession plan for the end of their business ownership. This training session will touch upon these factors to help your dreams of transitioning into or out of business ownership.