University of Wisconsin-Extension offices in Kenosha, Racine and Walworth Counties in cooperation with the UW Center for Dairy Profitability and Annie’s Project are sponsoring What Every Small Business Should Know workshop series for small business owners and farmers. On Feb. 12, 2014, the topic will be Exiting Gracefully: Business Successions and Exits. The program will be at the Walworth County Government Center in Elkhorn, WI. The workshop will be held from 9:30 a.m. – 12:30 p.m.
Even though many small business owners plan to work until their final days, this is not the reality for most. Farmers and other small business owners are notorious for working long, hard hours to build their businesses and are completely invested, both financially and emotionally.
How do farmers and business owners start planning now to exit gracefully, turn the reins over to the next generation of managers and shift gears to a slower pace but still feel productive in their later years?
Joy Kirkpatrick, from the UW Center for Dairy Profitability and Martin Grosse, from WDATCP Farm Center will provide information on:
— the common issues of business succession and shifting gears to a slower pace,
— analyzing the business’s capacity to bring in new owners
— ways to start exploring the retirement or slower paced lifestyle owners want
— resources to help them along the way
The cost of the workshop is $15 per participant, which provides materials, speakers and a light lunch. Registration deadline is Feb. 10. Register by contacting the UW-Extension Kenosha County office at 262-857-1945. For more information about this series contact Peg Reedy, 262-741-4955 or Rose Skora at 262-857-1945 or visit this website http://kenosha.uwex.edu/2013/10/25/what-every-small-business-owner-should-know/.