Posts Tagged ‘succession plan’
How to Avoid Sinking Your Succession Plan
Even the strongest business can be decimated without a solid succession plan. Here’s how to avoid common pitfalls As with any part of business strategy, succession planning is one piece to the puzzle for companies to have a long life. And it’s not a small consideration. Succession planning can drive continued business growth, lead to…
Read MoreExiting Your Business? Why You Need the Right Business Advisor
Most business owners aren’t prepared to sell or leave their businesses, but the right business advisor can help fill in the gaps So, you’ve decided to sell your business. Whether you’re planning to finally retire, start a brand-new venture, or pursue something else entirely, the decision to sell is arguably one of the biggest decisions…
Read MoreWhen Naming a Relative as Successor, Business Comes First
Handing the reins to a family member requires in-depth planning, skill development, and a smart tax strategy Our previous blog highlighted how almost 12 million businesses will transition ownership in the next 15 years; a process involving $10 trillion worth of assets. And family-owned businesses make up a significant portion of organizations that will be…
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