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  • Succession planning: Expanding beyond ownership

    Business owners are regularly urged to create and update their succession plans. And rightfully so — in the event of an ownership change, solid succession planning can help prevent conflicts and preserve the legacy you’ve spent years or decades building. But if you want to take your succession plan to the next level, consider expanding its scope beyond ownership. Many…

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  • The long and short of succession planning

    For many business owners, putting together a succession plan may seem like an overwhelming task. It might even seem unnecessary for those who are relatively young and have no intention of giving up ownership anytime soon. But if the past year or so have taught us anything, it’s that anything can happen. Owners who’ve built up considerable “sweat equity” in…

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    7 ways to prepare your business for sale

    For some business owners, succession planning is a complex and delicate matter involving family members and a long, gradual transition out of the company. Others simply sell the business and move on. There are many variations in between, of course, but if you’re leaning toward a business sale, here are seven ways to prepare: 1. Develop or renew your business…

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