Succession Planning – Tip #3

Succession Planning – Tip #3

Succession Planning – Tip #3 Tip #3 – Get over the idea that everyone has to have an equal share. While this is a nice idea in theory, it may not be in the best interests of your business. Remember that management and ownership are separate business succession...
Succession Planning – Tip #2

Succession Planning – Tip #2

Succession Planning – Tip #2 Tip #2 – Involve your family in business succession planning discussions. Making your own succession plan and then announcing it is the surest way to sow family discord. Opening a dialogue among family members is the best way to...
Succession Planning – Tip #1

Succession Planning – Tip #1

Succession Planning – Tip #1 Tip #1– Start business succession planning early. Five years in advance is good. Ten years in advance is better. Many business advisers tell budding entrepreneurs to build an exit strategy right into their business plan. The point...
How To Wear The Right Hat

How To Wear The Right Hat

How To Wear The Right Hat Rena Striegel, President of Transition Point Business Advisors, is featured in the March 2017 issue of Top Producer Magazine in the cover article entitled, “Taking the Reins”. Part of that article is where Rena talks about...