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Wilmington Works offers class in business succession planning

WILMINGTON—If you own a business and you plan to retire one day, or if you think you might someday want to change gears in your life, you will eventually be faced with the task of selling or transferring ownership of your business.

The Economic Development Committee of Wilmington Works is offering a free seminar, “Introduction to business succession planning,” to all local business owners on Tuesday, Sept. 12, from 4 to 6 p.m., at Historic Memorial Hall.

The information in this seminar is valuable to any business owner, no matter what age you are or what stage your business is in.

The seminar will be presented by Philip Steckler of Country Business, Inc., the leading business brokerage and merger and acquisition company in Northern New England.

The firm has managed the sale of 1,200 businesses since 1976 with sale prices ranging from a few hundred thousand dollars to over $25 million, including the following local businesses: Grey Ghost Inn, Kitzhoff, Deerhill Inn, Deerfield Valley Energy, and Deerfield Valley Supply. Businesses in Brattleboro include The Vermont Country Deli, Vermont Artisan Design, Bradford Machine, Brattleboro Bowl, The Shoetree, Brattleboro Print, Prospect Park Press, and The Putney Road Redemption Center.

Steckler will introduce business owners to the following topics: maximizing the value of their business, properly pricing and positioning a business for sale, attracting qualified purchasers, minimizing taxes, and maintaining confidentiality.

Additional topics include analyzing the business’ strengths and weaknesses; understanding the marketplace; business valuation and the proper selling price and terms; offering the business for sale while maintaining confidentiality; and more.

This is an interactive seminar, and questions and discussion are welcome.

There is no charge to attend, and all local business owners from surrounding towns are welcome. For more information, contact Wilmington Works at wilmingtonworks@gmail.com, or 802-234-1433.

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Peter Ford
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Peter Ford (Dallas) says...

Nailed it - Thank you.

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TB Smith
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TB Smith (Ba, Oklahoma, US) says...

The divisiveness brought on by this shamefully poor excuse for a president has been once again, borne out by this article, and the responses to it .. his most devoted followers are the most gullible and easily swayed sheeple since the \"Kool-Aid party in Jonestown\" ... those who stand up the most fervently to this dictator \"wanabe\", will , inthe end, see him and the fellow purveyors of his garbage rhetoric like FOX News, Alex Jones, Breitbart, etc., crumble and be dumped like stale crackers (pardon the pun) .. we must impeach this tyrant before too much damage is done, either from within or outside our borders.

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Ruby Bode
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Ruby Bode (Westminster, Vermont, US) says...

So it’s OK that access to outlets that simply recognize Trump as President is indeed being shut down? But isn’t that exactly what this editorial is against? Should outlets that cheered on Obama’s wars and love of Wall St have likewise been shut down? Only John Birch Society–inspired screeds against Trump indicate the “legitimate” press?

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Amelia Stone
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Amelia Stone (E Dummerston, Vermont, US) says...

Kudos to the Boston Globe for encouraging newspapers across the country to remind us all of the value of a free press, and to the Commons for hearing that call. The NYTimes article, A Free Press Needs You, concludes with the following: \"If you haven’t already, please subscribe to your local papers. Praise them when you think they’ve done a good job and criticize them when you think they could do better. We’re all in this together.\" Today I plan to subscribe.

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Bev Matias
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Bev Matias (Connecticut, US) says...

Thank you for your efforts to disseminate the news of the day and resist the hate-filled and deceitful rhetoric of this administration. I cannot believe, still, in this country that it is necessary for the press and regular citizens to defend themselves. Only one quarter or less of the citizens believe a word he says yet you are forced to defend yourselves because his speech is so incediary. The press is now officially our last line of defense.

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Janet
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Janet (Venice, Florida, US) says...

You nailed it perfectly.

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Originally published in The Commons issue #422 (Wednesday, August 23, 2017). This story appeared on page D3.

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