Smart Succession with an MBO

Do you have a family-owned business and wonder how and who to sell it to? Yes, you should sell it, even if your successor is a relative. Gifting a business is the surest way to erode company value, lose brand leadership (and then pricing power), alienate your loyal employees. This article in the Globe and Mail  details the right way to go about the process of selling to a family member or even a manager in your business.

You will also want to read Tom Deans book, Every Family’s Business

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