Brought to you by the Council of State Retail Associations

Looking for some inspiration? A solution to a nagging problem? Maine Merchants Association Retail University Webinar Series may be for you.Our free events have been designed with retailers in mind to give you a refresher on core business principles while also providing practical tips and new ideas you can implement in your store.

All events start at 8:30 a.m. ET / 7:30 a.m. CT

Passing the Baby: The eight must-haves of successful succession planning Thursday, September 27

Presented by Beth Adamson, Executive Director, Prairie Family Business Association

One of the ongoing challenges of a successful business is how to plan for an effective transfer to the next generation. How do you keep the business growing while deciding on the next generation’s role, if there is one? When executed well, succession planning can create a proud and honorable legacy of principles and prosperity. If done poorly, the same can turn a healthy, profitable, growing family business system into a veritable nightmare of irrational decision-making and wealth destruction.

Based on personal experience with families throughout the Midwest, Beth will provide you and your family with knowledge, tools and takeaways that can be applied immediately.

Understand the system and WHY the process can be so complex and difficult Principles and best practices to follow when planning for succession The varying timelines for ownership transitions and the types of retirement styles How to overcome the odds against successful transition to the next generation Passive and active ownership scenarios Principles for choosing the next generation of leaders Alternatives when family succession isn’t an option After this webinar you will better understand how to ensure your family business ultimately ends up as a true legacy and source of prosperity, influence and harmony for generations to come.

To Register or more information