Ensuring your business legacy

Apr 12, 2013
Ensuring your business legacy

If you run a successful business, you probably want the momentum to continue long after you retire. Experts say entrepreneurs should prepare now by:

  • Attracting, retaining and rewarding good employees
  • Considering an appropriate successor to take the reins
  • Getting an honest and accurate appraisal of your company’s value
  • Planning for unpredictable circumstances, such as illness or untimely death

Hampton Roads business owners can learn more at “Preparing Your Business to Survive Without You,” an educational forum sponsored by the Retail Alliance. Jeff Corriveau and Kevin Hill of MassMutual Financial Group, Commonwealth Financial Partners, will lead the forum from 7:30 a.m. to 9 a.m. April 25 at the Center for Weight Loss Success in Newport News. Cost is $10 for Retail Alliance members and $15 for nonmembers.

The presentation will include opportunities for participants to discuss specific challenges and brainstorm solutions.

"The most common issue often is proper disability coverage for the employer," Corriveau said, "and also how to help provide affordable benefits for employees, whether through health, disability or retirement needs.This is a very big issue especially when it comes to small business owners and resources are limited."
For more information, visit the alliance's website.