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The Michigan Small Business Development Center will host a conference downtown this month for entrepreneurs to learn about buying or selling a business.
The center, or SBDC, has invited a team of experts to tackle the subject from many angles.
The conference, How to Buy or Sell a Business, will take place on June 27 from 8 a.m.-2:30 p.m. at Grand Valley State University’s Seidman College of Business in Grand Rapids, at 50 Front Ave. SW.
Brooks Kindel, a business growth consultant at the SBDC, said the “totally new conference” will give entrepreneurs — whether they are millennials, Gen X-ers or baby boomers — more than the “traditional advice” on buying or selling a business.
“Regardless of which side of the transaction you are on, you will learn how to create a transition plan, how to build and utilize an advisory team and how to assess and address the human capital that will determine if there will be a successful transition,” Kindel said.
— First steps in determining whether to buy or sell a business
— How to maximize the value of your business
— How to market your business and how to find a business for sale
— How to form a transition team of experts to help you buy or sell a business
— How to create a transition plan to keep you on track for success
— The basics of valuation, due diligence, brokers and financing
— Implications for tax, retirement and estate planning
— Keys to successfully transitioning a business to new ownership
— Post-acquisition planning, change management and company culture
— Dan Brophy, business growth specialist, SBDC, Detroit
— Mike Gay, business growth consultant, SBDC, Grand Rapids
— Brooks Kindel, business growth consultant, SBDC, Grand Rapids
— Kristi Kozubal, regional director, SBDC, Bay City
— Kathy Miller, business growth consultant, SBDC, Lansing
— Jose Navarrete, business growth consultant, SBDC, Saginaw
— Julie Oldham, business growth consultant, SBDC, Macomb, Oakland and Wayne counties
— Ben VanDerWeide, VP and SBA product business development officer, Huntington
— Jon Siebers, mergers and acquisitions attorney, Rhoades McKee
— Max Friar, president, River City Partners
— David Rasch, president, Harvest Wealth Advisors
— Craig Hecker, former owner, Ferguson Supply Company
— James Wiese, new owner, American Storage & Logistics
Tickets are $75 and available online or by calling the SBDC West Michigan Region at (616) 331-7370.
Admission includes access to the full conference, a hot breakfast and lunch.
The Michigan Small Business Development Center provides consulting, business education, secondary market research and technology commercialization services to the state's new business ventures, small businesses, growing businesses and innovators.
The SBDC State Lead Center is at GVSU’s Seidman College of Business in downtown Grand Rapids.