Determine if family transition is in the cards.
Understand that 50% of small to middle market businesses are transferred to the next family generation.
Consider the dynamics of family succession; the advantages and disadvantages/challenges related to a family transition. Purchase the book “Every Family’s Business” by Tom Deans. I read it with my son years ago. Made a huge difference. When it comes to family transition, the odds are stacked against you. So don’t sit in the dark; get educated about what it takes to successfully transition your company to the next gen.
Change the outcome. –Chris
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If you haven’t already, go online and buy your copy of the award-winning book. It is a game changer.
About our author:
Chris Snider, CEPA, is the award-winning author of Walking to Destiny: 11 Actions an Owner Must Take to Rapidly Grow Value & Unlock Wealth, a business strategy book about the Value Acceleration Methodology(TM) written for business owners and the advisors who serve them. Snider is a professional keynote speaker and content provider to the middle market business community, trade & industry associations, and professional education organizations.
For his written work and his contributions to the industry, Snider has been awarded recent honors that include 2016 NACVA Industry Titan Architect and 2016 AM&AA Thought Leader of the Year.
Walking to Destiny is a five-star rated book that truly empowers owners with the knowledge and path to effectively positioning their business and themselves for exit options down the road, sure, but perhaps more importantly, rapid business growth today.
Snider is the Managing Partner of Snider Premier Growth, the CEO/President of Exit Planning Institute, the Founder of ThinkTank Publishing House, and the contributing author of SniderValueIndex.com. Chris is a family business owner, owning stakes in 8 lower middle market companies with his son, Scott.