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Listen to these three Family perspectives that reflect on their reasons and journey through evaluating the exit strategies we have just covered.
Basile Family
Key Takeaways
- Consider what the business's legacy means to the family as well as the owners
- Empower the next generation to continue to grow the business
Randy Burns
Key Takeaways
- Consult all impacted family members
- Take into consideration the life stages of the owners
- Weigh the pros and cons for both the family and the business
Beach Family
Key Takeaways
- Buying out family members can reduce conflict and simplify decision-making
- Without a proper plan in place, you may end up making a hasty decision
