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This edited collection presents successful business succession planning in smaller rural communities where profit margins are low, markets are shrinking, and there are few potential buyers. Chapters outline options for successfully transitioning businesses that have worked in Canada, England, and the U.S.
List of contents
1. Retaining and Transitioning Businesses: Overview of Issues 2. On the Brink of Business Transition in the U.S.: Trends, Challenges, and Opportunities 3. Traditional Business Succession Planning: Effectiveness, Limitations, and Innovative Practices 4. Employee Ownership in Succession Planning 5. Using an Employee Stock Ownership Plan for Business Transition 6. Utilizing Purpose Trusts for Rural Succession and Community Resilience 7. Employee Ownership Trusts in the U.K. 8. Retaining Businesses Using Community-Supported Enterprises 9. Creating Rural Worker Cooperatives in Iowa 10. Buying Private Businesses in a Single Vertical: A New Approach to Rural Investment 11. Capital-Driven Business Succession: Main Street Approach
About the author
Norman Walzer is professor and founding director emeritus of the Illinois Institute for Rural Affairs, housed at Western Illinois University.
Christopher D. Merrett is dean for Innovation and Economic Development, director of the Illinois Institute for Rural Affairs, and program chair for the Master of Arts in Community and Economic Development at Western Illinois University.
