SARANAC LAKE — Local business owners, as well as business support professionals, will share their experiences with succession planning at an informational workshop and networking event presented by the North Country Center for Businesses in Transition.
The workshop, “Preparing to Sell Your Business,” is the second in a five-part series offered by the Center, a collaborative partnership led by the Adirondack North Country Association. The center’s partner organizations and community liaisons provide resources and networking opportunities for business owners looking to transition their operations to new owners or ownership models.
The event will take place at the Hotel Saranac from 8 to 10:30 a.m. Wednesday, May 8 and will be hosted by the County of Franklin Industrial Development Agency/Franklin County Local Development Corporation and moderated by Saranac Lake Area Chamber of Commerce Director Patrick Murphy.
Retiring business owners and entrepreneurs interested in taking over existing businesses are encouraged to participate. The workshop is free and open to the public.
“Carefully considered and planned transition strategies are essential for every business if we are to retain a healthy business community in the North Country,” said Russ Kinyon, director of economic development for the Franklin County Local Development Corporation. “Succession planning is good business and the only way to make sure you’ll have options when retirement time comes around.
“The center was formed to help with that planning by offering useful tools, resources and networking opportunities. We look forward to some good conversations around business sales and transitions in this workshop.”
Read the full article in the Adirondack Daily Enterprise.