# Succession

## [6 Steps for a family-owned business transition](/content/resources/business-transition/index.html)

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](/content/resources/silver-tsunami/index.html)

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](/content/resources/succession-planning/index.html)

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](/content/resources/succession-planning-template/index.html)

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](/content/resources/succession-planning-statistics/index.html)

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](/content/resources/small-business-succession-planning/index.html)

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](/content/resources/selling-with-purpose/index.html)

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...