Over the next decade, Purchasing Cooperatives will collectively face a unique challenge in how they manage the retirement of their numerous Baby Boomer member-owners. This “Silver Tsunami” will re-shape the future of the Purchasing Co-op sector as these local, family-run businesses contemplate selling their business, passing it down to family members or simply shutting their doors.
As such, succession planning has never been more top of mind for chief executives at Purchasing Co-ops as they search for available options and ways to engage and educate their members on those options. NCBA CLUSA has brought together Castle Wealth Advisors, long-standing experts on succession planning options for members of Purchasing Co-ops, and Project Equity, experts in worker-ownership transitions, to present a 3-Part series for leaders of Purchasing Co-ops AND their members to highlight these options.
This first webinar will cater to Purchasing Co-op executives. Key takeaways include:
• The business case for investing in succession planning education
• Succession planning options and comparisons
• Talking points and strategies to educate members about succession planning
• Best Practices guide for succession planning (available to those that register)
Part 2 and Part 3 will be focused on the specific options available and are targeted to member-owners. Registration information will be available shortly for these follow-up sessions!
