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Owners Need to Plan Strategically when Leaving Business to the Next Generation

Owners Need to Plan Strategically when Leaving Business to the Next Generation

by Gina Miller

By June 26, 2018November 6th, 2023Insights

Baby Boomers are retiring in record numbers and many baby boomer business owners will be looking to exit their businesses over the next ten years.  For some owners, leaving behind a legacy to the next generation is important, and in this case, strategic planning needs to occur years before these owners’ plan to exit.  The strategic plan needs to include training of the next generation in not only management of the business, but also in continuing the same vision and business goals.  This article describes areas where business owners should concentrate their efforts if their plan is to transition their business to the next generation.

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If you are a business owner who is ready to discover exit options, contact Gina Miller by calling 770.396.2200.