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Selling your business
December 1st, 2023
If selling a residence can be an angst-filled undertaking, how much more unsettling is the thought of selling a business, especially one you’ve poured heart, soul, money and reputation into? But as potentially nerve-wracking as the prospect may be, there are measures shop owners can take to lessen the stress and achieve their desired outcome. […]
Richard Seaman on sustaining a family business
March 1st, 2020
By Rebecca Post An urgency runs through the pages of Richard Seaman’s book A Vibrant Vision: The Entrepreneurship of Multigenerational Family Business. That urgency stems from Seaman’s understanding that few family businesses survive beyond a third generation. Seaman, the chairman and former CEO of Wooster, Ohio-based Seaman Corp., offers a model to family-owned businesses for […]
Before selling, determine the true value of your company
January 1st, 2020
By Larry Oxenham Succession planning can be a tricky matter, especially if you’re passing your business on to a family member. Sometimes keeping it in the family is viable, but not in every case. If it comes time to sell the business instead, you should be armed with some strategies for getting what it’s really […]
Smart documentation is key to selling your business
September 1st, 2017
No matter where in the world we run our businesses, we aspire to be successful, profitable and happy. We have either started the business from nothing, purchased an existing enterprise or taken the reins of the family business. Often, we begin with limited skills, have minimal formal industry training and largely “learn by our mistakes.” […]
Transitioning to new leadership for the family business
June 1st, 2017
Kate Mitchell transitions her diverse fabrics business on the Alaskan frontier to her children- who value a courageous past and anticipate a bright future. We didn’t homestead like the Kilcher family from Discovery Channel’s ‘Alaska: The Last Frontier,’ but we were here before the roads were paved,” says Kate Mitchell, founder and co-owner of NOMAR […]