Entries Tagged Succession Plan

You should always be thinking ahead to those golden years. Here are some suggestions for your retirement path.

You will not run your business forever. Whether you’re keeping it in the family or selling to an outside party, having a solid plan ahead of time will ensure the health of your company long after you are gone.

Long-running, small family-run companies are to be applauded. But sometimes generational challenges threaten this wonderful institution.

A rock-solid succession plan can save the day when the leader of a family pumping company passes away unexpectedly.

Establishing a solid strategy for passing on your business — whether it’s staying within the family or transitioning to a different owner — can only be accomplished by doing some planning well ahead of time

The legal and financial aspects of succession planning for a company oftentimes get priority, but remember that people are at the heart of a business operation transition. Here’s some info to keep in mind.

A health scare leaves mom and dad looking to cut back on their pumping duties, so the next generation steps up to take over.

Details of an exit plan for your small business should be worked out when you open the doors … or even earlier.

It’s crucial to have a plan in place for the future of the business you’ve devoted your life to building