Panel to offer tips for successful family business transition

Wilmington, Del. — The goal for many entrepreneurs is to build a successful business and pass it on to the next generation.

However, that transition is rarely easy, and statistics show it is often unsuccessful, but it can be done.

The Small Business Development Center and Delaware Business Times will host a panel discussion on family business transitions Nov.4 at Harry’s Savoy Grill.

Networking starts with breakfast at 7:30 am, followed by a panel discussion and audience interaction that concludes at 10:30 a.m.

Professional advisers will share experiences for a smooth transition, and panelists will discuss options for baby boomer business owners looking to transition their business.

Scheduled speakers include Paula Janssen, general manager at Janssen’s market, Andy Harstein of Insurance Market, James Selsor Jr. of Gunnip & Company, and Margo Reign, business advisor with the SBDC..

Cost to attend the event is $20. Visit Delawaresbdc.org to register.