Plan for the Future:
Center for Businesses in Transition 2020 Virtual Workshop Series
The Center for Businesses in Transition will continue it's popular workshop series that covers topics relevant for transitioning businesses.
The morning workshops will be hosted by partner organizations throughout the region.
All workshops will be held virtually via Zoom in the month of October.
Workshops will also be recorded so that interested business owners will be able to view them at their convenience and as needed in the future.
We hope that you will be able to join us. Details for each session will be updated on this page as they become available.
October 1, 2020 from 8:00-9:15 a.m
Utilizing all of Your Transition Resources: Overcoming Common Obstacles
Hosted by Ticonderoga Area Chamber of Commerce
The first workshop in a six-part series — “Utilizing all of Your Transition Resources: Overcoming Common Obstacles?” — will take place virtually via zoom and will be hosted by the Ticonderoga Area Chamber of Commerce (TACC) on Thursday, October 1st from 8:00 to 9:30 a.m. Retiring business owners and entrepreneurs interested in taking over existing businesses are encouraged to participate. These workshops are free and open to the public.
The program will introduce a panel of area resource providers including Carol Calabrese, co-director of the Essex County Industrial Development Agency (IDA), Certified Business Advisor Angela Smith of the SUNY Canton Small Business Development Center at Clinton Community College, Business in Transition Program Coordinator, Dani Delaini of the Adirondack North Country Association, Business Counselor Stephanie Donaldson of the Adirondack Economic Development Corporation and a local real estate agent.
Panelists will have the opportunity to introduce their organizations and services and then by challenged by a roll of the dice to answer hard hitting frequently asked questions from aspiring entrepreneurs and business owners looking to transition into or out of a business. Check out this facebook page where we will be posting the questions "rolling" up to the event.
In addition, we will be debuting our Transitioning Your North Country Business: A Guidebook and unveiling our new website during this program. You don't want to miss it!
October 8, 2020 from 8:00-9:15 a.m
Your Best Possible Successor is Already Working for You
Hosted by Greater Watertown-North Country Chamber of Commerce
The second workshop in a six-part series — “Your Best Possible Successor is Already Working for You” — will take place virtually via zoom and will be hosted by Greater Watertown-North Country Chamber of Commerce on Thursday, October 8th from 8:00 to 9:30 a.m. Retiring business owners and entrepreneurs interested in taking over existing businesses are encouraged to participate. These workshops are free and open to the public.
The program will introduce a panel of local business owners who have experienced an employee transition firsthand. You will meet the new owners of Blackstone Electric in Dexter, NY. Mitch Howell and his wife purchased the business after he had been a long standing employee.
Chrissy Beanz, co-owner with her husband of Chrissy Beans Bakery in Sackets Harbor will also be joining the panel, herself a former employee. To read more about the Chrissy Beanz Cafe transaction, check out this article from the Watertown Daily Times.
The panel will also feature Elizabeth Lonergan of the Watertown Small Business Development Center (SBDC) to discuss their role in helping with business transitions.
October 14, 2020 from 8:00-9:15 a.m
Business Transitions Overview: Where Do You Start?
Hosted by Lewis County Economic Development/IDA
October 15th, 2020 from 8:00-9:15 a.m
Marketing Your Available Business
Hosted by The Saranac Lake Area Chamber of Commerce and The County of Franklin Economic Development/IDA
October 21, 2020 from 8:00-9:15 a.m
Determining Value: Perspectives from Buyers and Sellers
Hosted by Hamilton County IDA
October 27, 2020 from 8:00-9:15 a.m
Not Just a Sale: The Role of Realtors in a Business Transition
Hosted by St. Lawrence County Chamber of Commerce
What Now? Planning for Succession in Uncertain Times
July 8, 2020 at 10:00 am
Webinar featuring guest presenters from:
Bowers & Company CPAs, PLLC
Now Available on YouTube!
The session will address answers to the following questions posed by area business owners:
- - How do I preserve my business value during an economic downturn/pandemic?
- - How might this pandemic change the value of my business?
- - I have done a business valuation – is this something that I should now update?
- - What tax concerns should I be aware of if I sell my business this year?
- - What's the best way to structure a sale to minimize seller's tax liability?
- - How do I separate the value of the business from the value of our home as the home is attached to the business and on the same property? How do we add the value of the home to the business so the buyer could obtain financing?
Return to the Center for Businesses in Transition Home Page