When you have been running your own business for years, one of the things that you probably always keep in the back of your mind is who is going to become the successor after you retire. If no one in your family is interested in taking over your company, and your kids do not want to be part of it either, then you have to find yourself a suitable buyer. Regardless of whether you built the...
In our previous Blog Post on Growth To Exit we discussed the importance of having a corporate succession plan in place, as well as the different selling options that you have as a business owner, if your kids do not want to buy your company. This time we will discuss an alternative strategy that you might wish to consider if you are planning to sell your business: the Employee Buyout....
Corporate succession is one of the most defining moments in the history of a family business. Many parents and grand-parents that have built family businesses from scratch, hope that one day, their lives’ work will pass down to their children and their children’s children, and their legacy will stay alive even after they retire.
This is, however, not always the reality, as surveys...
You have spent countless hours, sleepless nights, and won hard-fought battles to grow your company. You are the first person to laugh if anyone calls you an "overnight success." Success is the reward for bringing your vision into reality.
But do you know how to...
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