- Launch Lenawee is offering a program to help local businesses owners retire or leave their businesses without closing them.
- The Red Tire Program links retirement business owners with entrepreneurs seeking to take over existing businesses.
- The program provides mentoring, professionalism and confidentiality for both the business owner and the entrepreneur.
Adrian – Known at Lenawee County for supporting small businesses, Lenawee launch recently announced his offer of a program for local businesses who are seeking to retire or get out of their business without closing their doors , leaving value on the table, and leaving their community without a flowering business.
Red Tire Program – a show with the words “Refine your Pension” – began in 2012 at the University of Kansas Business School, in response to the mass pension of Baby Boomer’s business owners, Lenawee said in a news announcement of January.
While the Red Tire Program is created to help business owners leave their businesses with a proper exit strategy, it still falls in the field of Lenawee’s mission: Support and development of entrepreneurs and small businesses in Lenawee County providing access to business development services, mentoring, business loans and network opportunities.
“Part of our mission is to provide resources for local entrepreneurs with the purpose of business and economic development,” said Mark Murray, the director of Launwee, in the release. “This program allows us to work with owners looking for an exit from their business, due to pension or other factors, providing the business they have shed blood, sweat and tears do not end.”
Lenawee now, the nonprofit-private partnership of the county dedicated to economic and business expansion, also uses the red tire program with permission from the University of Kansas. It functions as a professional match -making service between Lenawee District Business Owners who seek to retire or sell their business and entrepreneurs who have expertise and ambitions to take on business ownership.
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Launch Lenawee program is looking for entrepreneurs who are interested in owning a business after a period of mentoring and partnership with a current business owner. He also requires business owners who are looking for an exit to their business.
The launch of the Lenawee service will provide both the business owner and the entrepreneurs seeking to buy and/or the partner includes mentoring, professionalism and confidentiality.
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“Confidentiality is critical in this transition process,” said Mary Murray, a founder of Lenawee. “Most business owners do not want the world to know they are looking to sell until it is final, so we plan to honor those wishes.”
Lenawee launch suggests that entrepreneurs seeking business ownership should contact them to be considered part of the red tire program. Similarly, for business owners looking to sell, they must do the same. To express interest in the program-despite being a buyer or seller-contact Sheila Bler, a member of the management team with the Adrian Armory/Launch Lenawee Center, calling 734-674-246 or by email at sheila.armorry@gmail. com
Launch Lenawee is based on the Adrian Armory events center near Adrian city center, 230 W. Maumee St. It is supported by Rotary, Kiwanis, other community sources, volunteers and donors.
Lenawee launch also has a network of local and national partners to help secure support and resources for entrepreneurs including Adrian College, Adrian Public Schools, City of Adrian, City of Tecumseh, Greater Lena Chamber of Commerce, Jackson College, Kiwanis International, Lenawee Intermediate School Intermediate School district, Lenawee now, Rotary Club of Adrian, Siena Heights University and visit Lenawee.
“Many times, business owners who don’t have anyone to leave their business to complete the shop’s closure, which leaves a gap in the community,” Bleri said. “The business they are closing has a value. Reputation, brand, existing list of clients all have value and business owners are missing in catching the value when they simply close their doors. In other words, they are leaving money on the table. “
– Contact reporter Brad Heineman at bheineman@lanconnect.com or follow it on X, once twitter: @lenaweeheineman.