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Critical Elements of Leadership Transition Planning Leadership Transition

Critical Elements of Leadership Transition Planning

Aside from acquisitions and bankruptcies, leadership transitions often are among the highest-stakes events for organizations. Whether a crisis forces a replacement or you’re facing a long-known retirement, each transition presents…

Why Business Succession Plans Are So Important business succession planning

Why Business Succession Plans Are So Important

Business succession planning — the process of thoughtfully planning ownership transition of a business — is still uncommon among businesses with fewer than 300 employees. In fact, fewer than half…

Four Ways to Keep the Peace in a Family Business Four Ways to Keep the Peace in a Family Business

Four Ways to Keep the Peace in a Family Business

By Ryan Witt, Vice President – Wealth Advisor Family disharmony can also equal business disharmony. These four tips can help keep your business running smoothly. Family dynamics — and the…

Business Succession Planning: When Selling Makes Sense When Selling Makes Sense

Business Succession Planning: When Selling Makes Sense

Written by Christine Waldschmidt, JD, Vice President – Trust Advisor One of my most important jobs as an advisor to a closely held business owner is helping the owner figure out…

What to know about USDA business loans usda business loans

What to know about USDA business loans

Much like the Small Business Administration, the U.S. Department of Agriculture manages a number of programs to help certain types of American businesses grow. USDA business loans are a great…

Business Succession Roadmap: Business Valuation, Company Financials, and the Owner’s Goals & Concerns

Business Succession Roadmap: Business Valuation, Company Financials, and the Owner’s Goals & Concerns

Accurately valuing a closely-held business is arguably the most challenging part of the planning process. However, as with most items in the planning process, a business valuation does not have…

Roadmap Item 1: Determine the Need for Planning brain training for business

Roadmap Item 1: Determine the Need for Planning

In Part I of our resource, Business Succession: What it Entails & Why it’s Important, we took a high-level view of business succession planning and we looked at the reasons…

Business Succession: What it Entails & Why it is Important business succession

Business Succession: What it Entails & Why it is Important

WHAT IS BUSINESS SUCCESSION PLANNING? In short, business succession planning is figuring out how to transition a business interest to someone else. That’s an oversimplification, but that simple statement is…

The Importance of Planning for Business Succession business succession

The Importance of Planning for Business Succession

As many of us can attest, both personally and professionally, business succession planning often takes a backseat to the day-to-day requirements of our lives and our businesses. With that in…

Roadmap To An Effective Business Succession Plan business succession plan

Roadmap To An Effective Business Succession Plan

In Part I of our resource, “Business Succession: What it Entails & Why it’s Important,” we took a high-level view of business succession planning and we looked at the reasons…

Planning For Succession Of A Business Interest business people

Planning For Succession Of A Business Interest

Business succession planning–what is it? One of the important decisions a business owner must face is when and how to step out of the business–in other words, business succession planning.…

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