RHINELANDER - Every community in the Northwoods wants their small businesses to grow.
In order for them to grow sometimes the business owner needs their children to take over the business.
The Rhinelander Chamber of Commerce wants those business owners to be prepared when the time comes.
The chamber held a Lunch and Learn session for owners today.
The session informed business owners of options to sell or transfer ownership of the business when the time comes.
Business owner Steve Ory plans for his son to take over Enterprise Wood Products in Rhinelander.
"I think this is good for the community to have somebody come in and talk to small businesses that wants to pass it along to their children," said Ory.
"The more tax and legal information you can have the better."
Sometimes the child of the business owner might not want to take over.
That's why it's important to have a back up plan.
"Be prepared. When we talk about assembling an advisory team, we talk about attorneys, business brokers to help you sell that business and a financial advisor," Morgan Stanley Wealth Management financial advisor, Tyler Krombholz.
"All these people have to work in concert to help this transition happen."
The chamber plans to have another lunch and learn session next month.
RHINELANDER - Hodag Park received a sizable donation Thursday morning. New sand was dropped off to help the Rhinelander Parks Department grow the beach back to its original shape.
There were thousands of pounds of sand dropped off and spread out. There was a high need for this because of all the rain we've had this season.
"It was getting in pretty poor shape and washing out more and more, but this year especially, it just seems like we've lost a lot of sand. So now we're going to shape it up nicely and hopefully it'll last the year," said Rhinelander Parks Director, Jeremy Biolo.
All of that sand was donated and delivered by a company in Rhinelander.
"Musson Brothers, Inc. donated all the sand and they said we could help ourselves to as much as we want, which is unbelievable because this beach really needed some work," said Biolo. "Every little bit like that helps our community out and it improves the community. It's awesome that the Musson Brothers stepped up and would do that for us."
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