Leaving Your Business on Your Terms: The Days After Tomorrow

Presented on Tuesday, December 9, 2014

You have a family business and there is less sand in the hour glass than you like to remember. Whether you are a contractor, consultant, manufacturer, or supplier, you need an exit strategy which can mean you are looking for buyer for the business or you need to determine which family members will be the future leaders of that business. You will explore what is your best option for leaving your business on your terms and the steps you need to take to ensure the continuation of the business, and determining if the most logical action is to sell the business. Family relationships often bring sensitive issues to business continuity discussions and considerations. A well-conceived family strategic plan can head off potential succession problems that would otherwise threaten the viability of your company.

Presenter:
Tim McDaniel
Rea & Associates, Dublin, OH
Tim McDaniel is director of business valuations at Rea & Associates in Columbus, Ohio. McDaniel specializes in business valuation and succession planning. He is a recognized leader in the business valuation field, having been involved in over 2,000 valuation engagements and numerous merger-and-acquisition transactions. He also consults with family businesses on succession planning issues. McDaniel prides himself on using plain English to teach business owners the value of their most prized asset and how to increase that value.

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