Your Business 2.0: Passing the Torch to the Next Generation

Posted by Will Burnett on Jan 8, 2020 10:15:00 AM

It's taken you years to build your business – you've been at the helm for its successes, helped it recover from setbacks, and created an incredible legacy that you're proud of. So what's next?

You may be at a point in your life when you’ve started thinking about scaling back, maybe eventually handing over the reins to a family member or trusted employee(s). But how do you ensure that transition is successful – that it doesn’t just preserve your legacy,

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Topics: Business Transition, Succession Planning

Adding a Capital Partner: a Win-Win for Owners and Management

Posted by Will Burnett on Dec 30, 2019 9:41:00 AM

As a key executive in a privately-owned business, you may find yourself feeling differently than the founder/owner about the direction the business is taking. After you’ve put a good chunk of your career into helping the company grow, running up against resistance to your vision can be frustrating.

Disagreements can be based on a host of scenarios: passive owners, multiple owners with competing priorities, resistance from family

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Topics: Business Transition

6 Things to Think About Before a Business Transition

Posted by Jessica Borowy on Oct 10, 2019 8:00:00 AM

You’ve put a lot of sweat equity into your business, and you’re invested (both financially and emotionally) in seeing it succeed. But what happens when you want to step back a bit – or step down completely? What if the competitive landscape in your industry has changed and you must adapt? Are you up for the challenge at this point in your life? Do you want to give loyal employees the opportunity to take on these challenges – or start passing the torch on to the next generation of family members?

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Topics: Business Transition