Learn English: Tips for Passing Down Your Family Business (normal)

1 year, 6 months ago

Tips for Passing Down Your Family Business

Planning for the future of your family business requires open communication.

Find out if any family members are interested in taking on a leadership role.

If not, consider selling the business to a trusted employee who knows the company well.

Make sure to discuss the sale and transition process with everyone involved.

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Source

Original: Early To Rise

Tags

#succession planning #business #family-owned #employee ownership #exit strategy

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