SARANAC LAKE — The Adirondack North Country Center for Businesses in Transition (CBIT), now in its second year, says it plans to reschedule its workshop series for transitioning businesses to this fall. Some of the workshops were originally scheduled for both April and May, but CBIT is currently focusing its efforts on COVID-19 response and […]
SARANAC LAKE — The Adirondack North Country Center for Businesses in Transition (CBIT), now in its second year, says it plans to reschedule its workshop series for transitioning businesses to this fall.
Some of the workshops were originally scheduled for both April and May, but CBIT is currently focusing its efforts on COVID-19 response and e-commerce for small businesses, Danielle Delaini, business transition program coordinator, tells CNYBJ in an email.
The CBIT is a program of the Saranac Lake–based Adirondack North Country Association (ANCA). The Center is a collaboration of regional organizations and leaders whose goal is to support existing business owners and aspiring entrepreneurs in developing successful business-transition strategies.
The center’s workshop series seeks to address topics relevant for transitioning businesses. The workshops were scheduled to be hosted by partner organizations throughout the region.
They include “Business Transitions Overview: Where Do You Start?,” hosted by Lewis County Economic Development/IDA; and “Mentoring a New Owner: The First Year,” hosted by the St. Lawrence County Chamber of Commerce.
They also include, “From Hello to Key Transfer: Communicating During the Transition Process,” hosted by Ticonderoga Area Chamber of Commerce; “Marketing Your Available Business,” hosted by the Saranac Lake Area Chamber of Commerce and the County of Franklin Economic Development/IDA.
The remaining workshops are titled “Determining Value: Perspectives from Buyers and Sellers,” hosted by Hamilton County IDA; and “Your Best Possible Successor is Already Working for You,” hosted by Greater Watertown-North Country Chamber of Commerce.
CBIT announced the topics for its 2020 workshop series following its annual gathering of lead partners and representatives in Saranac Lake on Jan. 17.
North Country business owners looking to transition their operations to new owners or a new ownership model — along with aspiring entrepreneurs looking to take over an existing business — can contact CBIT at transitions@adirondack.org or (518) 891-6200 for more information or to be connected with a community liaison.
Information about the center and its programs can be found at www.adirondack.org/businesses-in-transition.
About CBIT
The Adirondack North Country Center for Businesses in Transition works to address the loss of area businesses by providing matchmaking services with potential buyers, access to planning tools, and connection with existing services.
The CBIT is a partnership between regional organizations and individuals “invested in the retention of local businesses and the future of our communities,” per the ANCA website. The goal is to help owners sell their businesses on the open market, complete intergenerational family transitions, or convert to an employee-owned or cooperative model.