Succession Planning Workshop is Nov. 9

posted on Monday, October 30, 2017 in Blog

RSVP by Nov 2 to Learn to Transition Leadership, Ownership of Business

Speakers will answer questions such as:

• Who will take over when I leave?
• What does business transition look like?
• How do I plan for succession?

CEDAR VALLEY OF IOWA, October 10, 2017 – Learn the process of identifying and developing new leaders of your business to replace yourself or other leaders who retire leave at an Advance Iowa Succession Planning Workshop on November 9 in Waterloo.

The workshop will be from 7:30 a.m. – 9:30 a.m. on November 9 at Waterloo Center for the Arts, Rotary Room, 225 Commercial Street, Waterloo. It is an event of the Greater Cedar Valley Alliance & Chamber.

The workshop is designed for owners and partners of small- to medium-size companies who are considering retirement or selling their business within the next five to 10 years.

The idea is to get them to start thinking of an exit strategy, said Lisa Skubal, Vice President for Economic Development, Greater Cedar Valley Alliance & Chamber. The transition doesn't only affect owners and senior leadership, it also affects employees.

“It takes years to be able to plan out what that succession plan is,” Skubal said. “We want those businesses to continue to grow and thrive where they are in the Cedar Valley.”

Because almost every seat was filled in at a similar April workshop, the Alliance & Chamber scheduled this second session.

“We introduce those opportunities and give them the resources so they start having those conversations,” Skubal said.

Speakers will answer questions such as

• Who will take over when I leave?
• What does business transition look like?
• How do I plan for succession?

Speakers are Paul Kinghorn, Director of the Center for Business Growth and Innovation at the University of Northern Iowa, and Dan Beenken, Program Director and Lead Consultant for Advance Iowa.

Register for the workshop by November 2 online at www.cedarvalleyalliance.com, by emailing info@cedarvalleyalliance.com, or by calling the Alliance & Chamber at 319-232-1156.

About Advance Iowa

Advance Iowa is the State of Iowa's comprehensive consulting program designed to work with mid-sized companies to enhance their growth. It is often lonely at the top for business owners, we are here to be a third party sounding board and trusted advisor. Advance Iowa assists firms in overcoming their obstacles and helps to identify new opportunities. Advance Iowa is a program at the Center for Business Growth and Innovation at the University of Northern Iowa. Learn more at www.advanceiowa.com or call 319-273-4322.

About Paul Kinghorn

Paul Kinghorn is the Director of the Center for Business Growth and Innovation at the University of Northern Iowa. Kinghorn has held ownership and key management positions within public and private organizations including a variety of startups and early stage business ventures. He has experienced the complexities inherent in commercializing technology and innovation and in bringing improvement into organizations and has over 20 years' experience consulting with businesses of various sizes in all aspects of their operations. Paul has an interest and passion in the areas of ideation, startup development, strategy, leadership development and process efficiency particularly as each pertains to enhancing sustainability and maximizing shareholder value. Kinghorn received his bachelor's degree from Franklin University and MBA from Ohio University.

About Dan Beenken

Dan Beenken serves as the Program Director and Lead Consultant for Advance Iowa. Prior to his current roles, his experience was in the asset management, venture capital and investment banking industries, most recently in business development and product management for RBC Dain Rauscher. Beenken has extensive experience working with early-stage firms on capital formation and exit strategies. He has also served as a business consultant at the University of Minnesota and Iowa State University. Dan holds a bachelor's degree in finance and entrepreneurial management from Iowa State University and an MBA from the University of Minnesota's Carlson School of Business.