small business succession

GOOD MONEY: BUSINESS OWNERS’ SUCCESSION PLANNING—STEPS TO PREPARE FOR A SUCCESSFUL EXIT

 

A column written for the East County Magazine
“Your guide to financial planning & socially responsible investing” 

By: Judith L. Seid, CFP ®
President, Blue Summit Wealth Management
 
For a Successful Business Exit
 
May 30, 2012 (San Diego’s East County)--Most business owners are too busy working IN their business that they forget to work ON their business.  It is crucial to protect the asset that you likely have spent the majority of your life building and have a disproportionate share of your wealth tied up in. And yet, studies show that somewhere between 70 – 90% of business owners have not thoughtfully planned for their inevitable business exit and even those that do plan, oftentimes wait until the 11th hour.

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