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Design Succession Plan for Small Business

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Business succession planning has emerged as a critical need for North Dakota small businesses, especially in rural areas. Business succession planning is an important step to transition the business to the next generation for a family and for the community. A proper succession plan can ensure that the owner's retirement needs are met and the business can continue to flourish in the community for years to come.

Design Your Succession Plan for Small Business workshops assists small business owners to get started on their succession plan and shape the future ownership of their business. Design Your Succession Plan for Small Business is a multi-session workshop to help you:

Get started on a succession plan using a workbook during and after the workshop

Open lines of communication with family, employees, and partners to create a shared vision for the business

Work with professionals to construct a plan and documents to put the vision into action

Call your local Extension office if you are interested in having a workshop in your area.


Contact Info

Bryon Parman
Assistant Professor/Agricultural Finance Specialist