Succession

6 Steps for a family-owned business transition

Selling a business is a pivotal moment for any family-owned small business, and it can be emotionally tumultuous for the owner, employees, and community. This...

Crisis averted: Small business survival in the wake of the silver tsunami

As Baby Boomer small business owners retire en masse in the coming years, new models for transferring ownership to employees are keeping businesses open, preserving...

Succession planning for business owners and professionals

Succession planning is about more than just selling your business upon retirement. It’s about planning for longevity within the community, continued employment for your employees,...

Succession planning template to transition a business in 8 months

Succession plans are crucial for the survival of family businesses. Without one, businesses that have been integral to their communities for decades may vanish. The...

Succession planning statistics in 2025: preserving a legacy

Small businesses are a vital part of domestic and global economies. However, succession planning statistics show that the vast majority of U.S. small businesses, even...

Small business succession planning: establishing a legacy

Small business succession planning is more than just selling your business when you retire. It’s about creating an exit strategy that takes into account your...

Selling with purpose: why retiring small business owners should consider the Teamshares model

Retiring small business owners face a succession problem. When the owners retire, 70% fail to find a buyer. Teamshares offers a 90% close rate on...