Succession planning isn’t easy. There’s a lot to know, a lot that can’t be fully anticipated. Demographics tell us that the biggest transition of business ownership ever is coming up. It’s the expectation of a majority of owners that a family member or employee will be the buyer. Because of relationships, emotion and the intimate knowledge of the business and the parties involved, an insider buying out the boss is in a different position than an outside buyer. Our goal with this book is to be the successor’s guide to succession planning. We want to help business buyers and business owners understand the nuances and dynamics of transferring a business successfully from the current owners to their internal successors.
