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Succession Planning: What Is Your Exit Strategy?

succession planning exit strategy

There are plenty of ways to leave your business when it’s time to retire (or you’ve just had enough), from simply closing your shop to selling your business model to another business. You can sell to one of your employees, or keep the business in your family for generations to come. Matt Holker, and his son, Greg, began as Spring-Green Lawn Care Franchise Owners in 2006. Over the past 10 years, the business has grown, taking in neighboring territories, as well as bringing Matt’s other sons, Luke and Kevin, on […]

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Legacy Planning—Are You Ready for Retirement?

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  It may strike many as counterintuitive, but when it comes to starting a new business you should already be thinking about your exit plan. Whether your hope is to one day pass your business on to a family member or simply make the most profit from selling it so you can enjoy a comfortable retirement, your business is a valuable asset that can work for you when you plan properly. According to the Family Business Alliance, 80 to 90 percent of North American businesses are family enterprises, both large […]

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