Will you sell your business? Are you planning to turn it over to the next generation in your family? Or maybe you’ll sell it to an employee.
Whatever the case, the better the planning the better the transition.
With time to plan appropriately, business owners can establish and document procedures, develop assets that enhance business value, determine the appropriate approach to transition and provide the training and processes to ensure a smooth transition. This program also considers the unique challenges of transitioning a family-owned business from one generation to the next.
Time frame: Three months
Deliverables: Transition Options Matrix, Transition Prep Plan
Supporting Information: Business Strength Tool, Business Value Drivers