Excerpt from Finding Your New Owner
Chapter 1:
If you don’t want to think about retiring, I don’t blame you. There are plenty of reasons for not changing what you have now.
…Articles, presentations, exercises, and materials related to succession planning.
Chapter 1:
If you don’t want to think about retiring, I don’t blame you. There are plenty of reasons for not changing what you have now.
…How advisors can help make environments safe so difficult conversations can be held and how to manage emotional issues in a business as they develop future leaders.
…I saw his mug shot online. Those big liquid brown eyes, furrowed brow and thin little legs. His official name was ‘Stewart’ and he stole my heart.
…A strategic way for private and family-owned companies to implement succession and sale strategies is through utilizing Employee Stock Ownership Plans (ESOPs). With this method, the unique goals of the owners and company serve to focus our approach, as we assess, structure, and implement transactions for our clients.
…I have learned that this is not a state that one can create entirely independently. Rather, it is a delicate dance between willing, caring, compassionate co-creators of a social contract. I have seen rare, but beautiful examples such as one memorable afternoon in a small San Francisco diner.
…Historically community banks haven’t embraced their role in addressing the opportunities and challenges in ownership and management transition for family-owned and closely-held businesses. Rather than continuing to stand at arm’s length, there are several issues that community bankers need to take into consideration that would benefit their business clients and could mean new business opportunities for the bank itself:
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