Introduction to Ownership Succession Planning for Internal Sales

Description:
Starting to think about ownership succession for your enterprise? For many business owners, the best option is to sell to those already involved in the business. In this session, you will learn the basics of how to assess and prepare for internal exit paths. Following an overview of general ownership succession principles and considerations, we will take a close look at three different ways of selling a business internally: to family members, to managers, and to the larger group of employees.

Speaker:
Matt Cropp is Executive Director of the Vermont Employee Ownership Center, and has been with the organization since 2014, where he has developed deep expertise in succession planning and employee ownership while serving in a variety of roles. He conducts initial ownership succession consultations with 20-40 Vermont business owners per year, and has supported the transition of numerous Vermont companies to employee ownership. Matt received his Master's in History from UVM in 2011, where he studied business and economic history, and he lives with his family in Burlington's New North End.