Transition Advising - McHenry County EDC

For Business Owners Preparing for Succession, Sale, and/or Retirement

Gain industry knowledge and advice in confidential, no-cost sessions designed for McHenry County business owners ready to take the next step in their business journey.

The Transition Advising team will match you with experienced advisors for one-on-one sessions to create a customized exit strategy that aligns with your goals and values.

This advising relationship is here to meet you where you’re at in your business transition.

Ideal for: Business owners across all industries & family-owned businesses navigating generational transitions

Three Dynamics of Business

Personal Dynamics

Prepare yourself – and your team – for a successful transition.

Business readiness assessment
Strategies for decentralizing the owner
Building your transition team
Understanding & negotiating deal terms
And more

Financial Dynamics

Strengthen the financial foundation of your exit strategy.

Identify the true value of your business
Building & enhancing business value
Strategies to close value gaps
Cash flow projections for exit planning
And more

Business Dynamics

Position your business for long-term success – before and after transition.

Business insights to inform decision-making
Setting realistic near-term goals
Planning for long-term strategic growth
Market positioning for a strong exit
And more

Want to Transition Out of Your Business but Don’t Know Where to Start?

We know you’ve put your heart and soul into your business and don’t want to let it go to waste. What’s the next step? We’ve got you covered!

Connect with our Team

Whether you’re just beginning your entrepreneurial journey, working to grow your business, or planning for a future transition, we’re here to support you every step of the way.

8:30 AM – 4:30 PM CST

info@mcedc.com

815-893-0895

sbdc@mchenry.edu

815-455-6098

Brought to you by the McHenry County Economic Development Corporation (MCEDC) and the Illinois Small Business Development Center (ISBDC)