Navigating Your Business Succession And Transition Planning

ARE YOU LOOKING TO BETTER PREPARE YOUR COMPANY FOR OWNERSHIP TRANSITION NOW OR IN THE FUTURE?

The August MN Supplier Match Roundtable helped businesses explore key issues around business succession and transition planning. Are you looking to better prepare your company for ownership transition now or in the future? Our succession and transition experts provided helpful hints in areas such as ESOP conversion, Cooperative (Co-op) business models, business valuation, family business succession plans and more. 

HOW TO FIND YOUR BUSINESS'S VALUATION AND LOCATE A BUYER 

"Obviously the seller's perception is, 'Hey, I worked my entire life in this business and it's worth more than the historical financial performance.' And the buyer is saying, 'Well, no, this is worth only what I can cashflow.'... I tell all the sellers that, first of all, try to identify a strategic buyer where two plus two equals six.

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