Developing a Successful Succession Plan
March 12, 2025, 11:30 am - 1:00 pm
MAGNET, 1800 E. 63rd St., Cleveland
Hosted by Burton D. Morgan Foundation & MAGNET
Lunch will be provided.
Join us as our panel of experts discuss the crucial role of developing a road map to a successful succession plan for second stage companies with revenue between $1M and $50M. Business owners will discover strategies to get started with timely and effective business transition.
Panelists/Presenters: Chris Cooper and Michael Palmieri, Ohio Employee Ownership Center's Business Succession Planning Program, Kent State University
As a business owner or leader, the future of your company is in your hands—but what happens when it's time to pass the baton? Succession planning is more than just a retirement strategy; it's a critical process that protects the legacy of what you've built.
Join our panel discussion featuring industry experts who will share actionable insights on:
- Developing a robust succession plan that protects your company’s operations, values - and value
- Navigating the emotional and financial complexities of transitioning ownership, and leadership
- Understanding transition options and how to prepare the business for them
- Avoiding common pitfalls that can jeopardize a smooth exit
This panel discussion is a segment of Burton D. Morgan Foundation's Learning and Networking Series for Second Stage Entrepreneurs.