The aging of owners and leaders creates one of the most complex chapters in the life of a business. So complex that 60% opt to avoid all or some of the issues. Succession planning for the management of a business and the exit strategy of leaders are connected, but different. Estate planning is not the same thing either. Yet, each are necessary if business transition from generation to generation is to succeed.

On September 26 at Noon CST, the University of Illinois Extension Local Government Education webinar will feature Steven Groner, Community and Economic Development Educator, who will share insights and suggestions gained from advising small businesses in Handing Off Your Business: The Future of Your Business Without You. Groner’s workshops focus on varied planning needs such as; startup, financial management, marketing and succession planning. Here, he is emphasizing topics related to succession planning in response to what has been termed “the silver tsunami” or, the rapidly growing number of businesses with leadership entering their late 60s and early 70s. Over five million businesses face this reality in the next decade. Steven focuses on good planning practices, the need to get underway and suggests ways to alleviate some of the complexity and stress. This workshop is not an estate planning program and does not convey any legal advice.

This webinar is open to the public and free of charge. Go to https://go.illinois.edu/lgewebinar or CLICK HERE to register, and receive access information to join in at Noon on September 26.

University of Illinois Extension provides equal opportunities in programs and employment. If you need a reasonable accommodation to participate in this program, please contact Steven Groner by e-mail at stevenrg@illinois.edu or by phone at 618-395-2191. Early requests are strongly encouraged to allow sufficient time for meeting your access needs.