When business owners hear the words succession planning, the conversation often turns quickly to one question: How am I going to exit my business? It’s an important question, but it can also be too narrow. Succession isn’t simply about finding a way out. It is about deciding what you want the business to do for […]

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When business owners start thinking about succession, one of the first questions they often ask is, “What are my options?” It’s a reasonable question. But it may not be the best place to start. There are many ways to transition a privately held business. You might sell to an outside buyer. You might transfer ownership