Create a family business succession plan that works for you.Every business needs both a short- and long-term plan in place for unexpected and planned events.Ideally, succession planning should begin the day you take over a business.Those parents that are most successful at passing the torch are the ones that have created a culture in which transition is welcomed and encouraged.
June 29, 2021—For many family business owners, the company they developed and grew over the years has shaped their identities, given them purpose, and may have been the catalyst for keeping their families together. Following the sale of a family business, some may feel a sense of loss and perhaps even regret, unsure about what to do next.
May 14, 2021—Smart entrepreneurs leave little to chance when selling a business. Rather, they arm themselves for “battle” with experienced M&A team members, an in-depth knowledge of the marketplace, and savvy negotiation tactics.