Transferring the Business: Family, Partners, or Team

Date: 8/19/2025 12:00 pm
Registration Deadline: 8/19/2025 12:00 PM (EDT)
Fee: No Fee

Point of Contact: Jasmita Saini

Program Format: Online Meeting (Live)
Training Topics: Buy/Sell Business, Managing a Business
Description:
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Plan a smooth handoff by learning how to prepare family members or internal successors to take over.

This session is ideal for businesses in the Succession stage, where the owner is planning for a transition or exit. This may involve selling the business, passing it on to family or staff, or winding it down strategically.

This event is a part of Lehigh SBDC’s PRIME Series. Check out the other sessions

Instructions:
This is a part of the PRIME Series, covering four stages of business growth.

Acceleration Stage
This session is ideal for businesses in the Acceleration stage, where entrepreneurs are transitioning from startup to established operations. These businesses may be experiencing early profitability, building a repeat customer base, or refining their offerings based on real-world feedback.

Expansion Stage
This session is ideal for businesses in the Expansion stage, where growth is becoming tangible. These businesses may be hiring, entering new markets, or scaling operations to meet increased demand.

Optimization Stage
This session is ideal for businesses in the Optimization stage, where the focus is on sustaining success. These businesses may be seeking greater efficiency, stronger customer retention, and long-term profitability without major expansion.

Succession Stage
This session is ideal for businesses in the Succession stage, where the owner is planning for a transition or exit. This may involve selling the business, passing it on to family or staff, or winding it down strategically.