Many business owners will spend more time planning their summer vacation than they will planning their transition. The lack of focus on this critical issue leaves most owners with few options when they get close to the finish line.
Legacy, transition, succession, exit planning. Words often spoken by business owners—especially first-generation owners. Change is scary, especially at the top of an organization, and that change doesn’t happen overnight or unplanned. Key to solid and effective transition planning is understanding the owner’s need for exit, the timeframe associated with that exit, options for exiting the business, and the owner’s exit goals.
Dan’s work with Vistage coupled with his vast network allows him to work with business owners to prepare for their transition over shorter or longer periods of time.