Management Succession Planning for Family Businesses

http://www.scorechicago.org An excerpt of an interview with Mark E Goodman and Ted Thomas of Sun Exit Advisors done on January 19, 2010. In this segment, Ted notes that most entrepreneurs spend little time in planning an exit strategy. Ted gives an example of a client that had to come up with an exit plan when the head of the business died. Ted suggests a 5 year process to plan your exit. You can watch the entire interview at http://blip.tv/file/3110932

Duration : 0:3:11

Recommended Reading

• Management Succession Planning for Family Businesses
• Can you make my ‘experimental method’ more professional and fleshed out?
• Settlement and the ADR Process – Hull on Estates and Succession Planning #204
• Succession Planning for Family Businesses-Coffee and Candor
• Management Succession Planning Blueprint (ebook)

Technorati Tags: Mark E Goodman, SCORE Chicago, sell my business, small business, succession planning, Sun Exit Advisor, Ted Thomas

Related posts:

1. Practice Management: Start succession planning early – InvestmentNews
2. Canadian small-business optimism soars past US – Toronto Sun
3. Research and Markets: Succession Planning & Exit Strategies: How to Avoid the … – Business Wire (press release)
4. Research and Markets: Succession Planning & Exit Strategies: How to Avoid the … – Business Wire (press release)
5. Settlement and the ADR Process – Part 2 – Hull on Estates and Succession Planning #205