Posts Tagged ‘company transition’

How Does Communication, Timing Impact My Business Succession Plan?

Monday, December 13th, 2010

Over the past few weeks, we have discussed steps to follow when you develop a succession plan for your business. First, we made the decision to do a succession plan. We looked at the value of the business. We explored all of the options for transition. And we determined your personal and professional goals and those of your family and key personnel. Now it’s time to set a course of action. (more…)

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How ready are you to transition your business?

Wednesday, October 13th, 2010

Step 1 – Making the Decision

How will you transition your business to the next generation when it’s time to leave? If you are like more than 70 percent of family business owners, you’ve put off making this important decision. And without preparation, most family-owned businesses are not successful in making the ownership change when the time comes. This post is the first of six tips we will provide to help family-owned businesses begin the succession planning process. (more…)

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