Posts Tagged "business transition"

Business transition planning with the death of a family member

Posted by on Dec 12, 2013 in Family Business, Transition Planning | 0 comments

Business transition planning with the death of a family member

As accountants, we are often connecting with our business clients on a variety of life and family issues, and how they affect the successful running of that business.  The death of a family member affects your business even more, and the problems in dealing with the death are exacerbated. Not only must the survivors deal with their personal grief, they must also deal with its impacts on the business, including those associated with business transition planning (or ‘succession’), and at a time when their coping skills are likely to be compromised. Dealing with the loss of a family member is never an easy ride. The pain of the loss depends on many things;...

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One Day You Will Sell: Take Control of your Transition

Posted by on Aug 12, 2013 in Family Business, Financial Freedom, Transition Planning | Comments Off on One Day You Will Sell: Take Control of your Transition

One Day You Will Sell: Take Control of your Transition

A couple of weeks ago I visited Toronto, Canada to attend “The Role of the Most Trusted Advisor” course, an intense four day professional development program offered by  “The Success Care Program”, a division of BDO Canada. I attended the program to learn more about coaching entrepreneurs and family businesses. An important part in that process is to coach business owners through transitions and the sale of their businesses. One important realization was that all businesses will eventually be sold. I remembered reading “The E-Myth”, by Michael Gerber, the book that inspired me to coach business owners on their journey to personal and financial...

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