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a couple aged 62 wondering: when can you retire and family business succession planning

Family Business Succession Planning: Ensuring a Smooth Transition

By Greg Rozdeba / Articles, Operating a Business, Selling a Business / 1 Comment

If you’re running a family business, you likely hope to pass it on to your children one day. After all, you’ve invested significant time building it so that you can provide for your family, give your kids a solid start in life, and pass on your legacy. Unfortunately, a majority of business owners don’t have …

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a man considering a business exit strategy

Business Exit Strategy: When It’s Time to Consider It

By Tom Mercaldo / Articles, Selling a Business / Leave a Comment

Many people say a business plan is a key element for any start-up business. But in many cases, not just an operating plan, but a business exit strategy needs to be considered upfront. An exit objective and strategy may affect the business plan and may affect the best operational model for running a business. …

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