If you're a small business owner, don't underestimate the time required for succession planning. Reliable resources and professionals are available to help.
Written for the farming community, there's sage advice here for family businesses. EGS fully understands succession. Contact us soon.
Many small business owners dream about the day when they can add "and daughter" or "and son" to the name of their company. Of course, sometimes reality sets in, and that's not possible because their children might not want the business.
This is from Motley Fool. Expect an ad at the end. But it's good stuff. EGS can help you sort-out the options.
A leader must know when it's time to exit. I was working in our family business for 20 years. My daughter, Amy, was slated to take over. However, to my surprise, Amy decided to become a teacher instead. Yes, there are risks to generational succession: it only works 30 percent of the time…. Suddenly, I needed a new plan for my future.
Keen insight from this individual opinion. EGS is ready to build your strategy, including contingencies that offset the issue discussed in this article.
On-target article emphasizes planning. EGS is a master with planning and we can get started with your custom strategy now. Courtesy consultation right up front.
A business exit must be custom fitted to your financial situation and your desires for management succession. The following are some possible strategies that you may want to consider — with the help of your professional advisors.
You can tell this brief article was written by someone who has been around the block several times. Family exit strategies can be an emotional minefield. EGS knows how to defuse the mines.