The Connecticut Chapter of the Exit Planning Exchange (XPX) has started this year’s case study, involving a business whose partners are planning ahead for an eventual exit (bravo for advance planning!) The case study involves a business started nearly 20 years ago by three partners who were best buddies in college. Although theirs is not […]
Family Businesses That Fail to Plan…
….Plan to Fail! It’s a familiar cliche, but nonetheless true: failing to plan is planning to fail. Family businesses face special challenges that can make it tempting to procrastinate about succession planning: the overlapping spheres of ownership, family, and management of the enterprise can provide great satisfaction and success, but they can also make it […]
