Episode 14: Understanding rural small business succession

How you can help your community's small businesses

Selling a small business is not the same as selling a house. There are a unique set of factors that owners, potential buyers, and communities must consider when small businesses are sold.

Liz Templin

Liz Templin, Extension educator in community economics, discusses how business owners and buyers can prepare for this transition and how communities can help.

"Informal mentorship relationships are invaluable to new business owners."
 

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Episode host(s)

  • Christina Kallevig, Extension educator
    University of Minnesota Extension, Center for Community Vitality

Guest(s)

  • Liz Templin, Extension educator
    University of Minnesota Extension, Center for Community Vitality

Related podcast

Episode 15: making business succession planning successful

Resources


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