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How to Effectively Plan Your Business Exit Strategy

Stuart A. Smith, III |
My Business
business exit strategy

Running a business throughout a pandemic hasn’t been easy. But many business owners remain skeptical about the economy even moving beyond the pandemic. In March 2020, 57% of business owners had confidence that they would achieve their business’ long-term financial objectives, but by February 2021, only 34% still had that confidence, according to Wilmington Trust research.

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Don’t Leave the Fate of Your Family Business to Chance

My Business
Family Business Owner standing proudly at the entrance to his store

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.

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Overcoming the Grief of Selling a Family Business

Jerry Inglet, Ed.D |
Emerald GEMs

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.

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