Business Transition Event Held at MMCC

Over 60 business owners and professionals recently convened at Mid Michigan Community College (MMCC) to learn about buying and selling a business.

The Mid Michigan Small Business Development Center (SBDC) hosted this “How to Buy and Sell a Business” event in response to an increasing demand from clients seeking advice on the topic. The event was sponsored by Mercantile Bank.

"At some point, every entrepreneur reaches a point where they leave the business they launched and grew. Some are looking to retire, while others are looking to pursue new opportunities. Locally, the Mid Michigan SBDC is well-positioned to help firms develop a roadmap to navigate this process," according to Tony Fox, SBDC Regional Director.

The event included training and discussion focused on business valuation, sale preparation, transition planning, due diligence, and options for financing a purchase.

“Business transition is not something an owner tackles every day. Not only is this a critical milestone for a company, it can also have more widespread implications when multiple jobs are at stake, which is why it needs to be handles with care and excellence,” said Jose Navarrete, SBDC Growth Consultant.

Entrepreneurs and business owners interested in working with the SBDC are encouraged to visit www.SBDCMichigan.org/get-started

About Michigan SBDC | www.SBDCMichigan.org

The Michigan Small Business Development Center provides counseling, business education, information based planning and technology commercialization services to Michigan’s new business ventures, existing small businesses, growing businesses and innovators. The Mid Michigan SBDC Regional Center is a partner program of the U.S. Small Business Administration located at the Mid Michigan Community College's Morey Technical Education Center in Mt. Pleasant, Michigan.

About Mid Michigan Community College | www.midmich.edu

Mid Michigan Community College is a public community college founded in 1965, with full service locations and technical education centers in Harrison and Mt. Pleasant. The College offers one and two-year certificates and associate degrees in transfer, occupational, tech and trade, and health science programs. MMCC prides itself on offering an affordable education that prepares students for a career or transfer to a university.

 
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