The Programs
Up to 80% of local businesses owned by baby boomers will fail to transition due to a lack of preparedness. This statistic applies to over 65% of your community’s businesses.
empowering business owners.
promoting business continuity.
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owner readiness hub
up to 500 business owners
unlimited assessments
1 year license
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foundations lite
200 business owners
unlimited assessments
1 year license
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foundations premium
1000 business owners
unlimited assessments
2 year license
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What are the RFN Communities solutions?
RFN Communities Programs are scalable business retention, preparedness and transition programs designed to help educate and advise private business owners and entrepreneurs on business value acceleration and transition events.
The Ready for Next team works with each community to support owners uncover, understand and learn more about building value in their business and the options for transitioning. Together we work with a community to advance inclusive economic prosperity in the communities that we work in.
What’s included in an RFN Communities program?
Depending on the RFN Communities program implemented, it may include:
● Automated business benchmark assessments made available for local SMEs in the community where the program is taking place. This is a tool chambers and business partners can promote as a free service.
● Four tailor-made workshops and transition readiness scorecards four half day sessions for up to 200 business owners total.
● Access to an online education platform committed to developing business transition, exit planning, and value acceleration content and training to support professional local small and medium-sized business owners.
● A custom Business Transition and Preparedness Report for your community which when combined with various workshops will give our business owners, entrepreneurs, and community leaders an overview of the various resources available to those considering, transferring, acquiring, exiting, expanding a business in your community.
What sets the RFN Communities program apart?
The RFN Communities program focuses on at-risk businesses:
● Provides data-driven insights leveraging a business disruption risk model and credible business credit risk partners to inform community and business leaders about the problem and raise public awareness.
● Offers leading-edge online education tools, cohort-based learning, and integrated value acceleration education workshops with up to 200 businesses per workshop, for Foundations Premium program.
● Workshops include a comprehensive, dynamic group of professionals and certified business transition advisors, economic development leaders and local networks of expertise including tax, legal, financial, wealth insurance, mergers and acquisitions, employee ownership and more.
● Can opt for an additional component to attract, match and serve entrepreneurs from underserved/disadvantaged populations.