Over 55? Own a Manufacturing Company? This is for you…

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A recent article published by The State Science & Technology Institute cites a report that found that three-quarters of all family-owned manufacturing companies in the Chicago region are operated by someone older than the age of 55, and of these companies, roughly half do not have a succession plan.  The article also cites centers affiliated with the NIST Manufacturing Extension Partnership (MEP) as resources that have potential to play a major role in supporting sustainable succession planning among family-owned manufacturers.  Insyte Consulting is the MEP center that serves the Western New York region.  If you own a manufacturing business, are over the age of 55 and do not have a succession plan, contact Insyte today to learn how we can help: info@insyte-consulting.com or call 716-636-3626.

Read the full article here.

Update: Insyte Consulting is hosting a workshop on Wednesday, May 15th – Succession Planning for Small & Medium-Sized Manufacturers – a practical and interactive workshop in which participants will learn about and develop an initial transition and succession plan for their business.  Call 716-636-3626 to register.


Check out more of our blog  & newsletter posts on Succession Planning here:
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Insyte - Fall Newsletter 2018

 

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