Recent surveys have unveiled a resounding consensus among family business leaders: the imperative to explore untapped territories ranks among the top priorities for strategic evolution.
When developing a succession plan for your business, you must make many decisions. Should you sell? Should you structure your plan to go into effect during your lifetime or at your death? Should you transfer your ownership interest?
To help businesses ensure a seamless transition of leadership, here are some key considerations we’ve learned from our own experience.
The First Bank Center for Family-Owned Businesses held a webinar on November 9, 2021 discussing the topic of succession planning.
The First Bank Center for Family-Owned Businesses held a webinar on August 10th, 2021 covering strategic planning as a foundation for family business succession.
Read how having an exit strategy in place before you decide to sell your business is as important as the plan to keep it running and profitable.
As generations before us, most family business owners have invested considerable time, energy, savings, hopes, and dreams into the longevity of their business.