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Selling your business
January 1st, 2024
If selling a residence can be an angst-filled undertaking, how much more unsettling is the thought of selling a business, especially one you’ve poured heart, soul, money and reputation into? But as potentially nerve-wracking as the prospect may be, there are measures shop owners can take to lessen the stress and achieve their desired outcome. […]
Richard Seaman on sustaining a family business
April 1st, 2020
By Rebecca Post An urgency runs through the pages of Richard Seaman’s book A Vibrant Vision: The Entrepreneurship of Multigenerational Family Business. That urgency stems from Seaman’s understanding that few family businesses survive beyond a third generation. Seaman, the chairman and former CEO of Wooster, Ohio-based Seaman Corp., offers a model to family-owned businesses for […]
Before selling, determine the true value of your company
February 1st, 2020
By Larry Oxenham Succession planning can be a tricky matter, especially if you’re passing your business on to a family member. Sometimes keeping it in the family is viable, but not in every case. If it comes time to sell the business instead, you should be armed with some strategies for getting what it’s really […]