SUBSCRIBE NOW Just 99¢ for your first month



University of Minnesota Extension offers business succession strategy course starting June 2

Learn strategies to successfully hand off a business to a successor with a University of Minnesota Extension course on business succession strategy.

Logo for Business News over a stock photo background showing the hand of an employee using a cash drawer of a merchant's till.
Metro Creative Connection
We are part of The Trust Project.

ST. PAUL — University of Minnesota Extension beginning June 2 is offering a five-week course focused on business succession strategy, according to a news release from the University of Minnesota Extension.

It is estimated that approximately 50,000 businesses in Minnesota are owned by individuals 55 years old and older. Experts recommend starting succession planning at least five years before handing a business off to new owners.

Not only is succession planning recommended as a way to prepare for retirement, but also as part of preparing for the “5 D's” that can occur: death, divorce, disability, disaster and disagreement.

The online course is designed to offer a supportive, confidential learning space for businesses of all types and sizes. Business leaders will learn about options, gain skills in strategy and learn from others in order to create a comprehensive succession plan.

The course was well received when it was offered earlier this year, with 90 percent of participants indicating they’d recommend it to other business owners. Another session will begin Oct. 6.


For more information see or contact Michael Darger, or 612-625-6246 .

Keep up to date on news about local and area businesses as well as statewide and national trends. Submit your business news tip to the West Central Tribune at

Our newsroom occasionally reports stories under a byline of "West Central Tribune staff report." Often, the "West Central Tribune staff report" byline is used when rewriting basic news briefs that originate from official sources, such as a city press release about a road closure, and which require little or no reporting. At times, this byline is used when a news story includes numerous authors or when the story is formed by aggregating previously reported news from various sources. If outside sources are used, it is noted within the story.

The West Central Tribune newsroom can be reached via email: or phone 320-235-1150.
What to read next
Conservationists have spent years trying to stave off a national decline in hunting and fishing, but the 2020 pandemic appears to have righted a sinking ship.
A North Dakota potato breeder brings in a speaker from Wyoming who has trained a dog to detect potato virus diseases using their nose.
The North Dakota Soybean Processors plant at Casselton and the Green Bison plant at Spiritwood are signs of the growing demand for renewable fuel as well as feed for the livestock industry.
AccruWealth associate financial adviser Ted Kroll passed his certified financial planner exam, making him eligible for certification.