Studies show that most businesses that transfer ownership from the original owner to another family member do not continue to enjoy long-term success. Only about twenty percent of the businesses that undergo such transfers survive and stay in business. And if they do, it isn’t likely to prosper to another transition. Only about nine percent of businesses survive into a third generation.
These facts, say the professionals at Company Broker Group, make it imperative for business owners to have a business succession plan worked out long before the time to sell comes along. This planning is critical to maximize the value of the business and get the highest possible sale price. Company Broker Group holds complimentary dinner and lunch seminars on these and other business topics in Denver, all through the year.
Read more about Paul Olsen & Company Broker Group, visit online at: https://paulolsenus.wordpress.com/
