Grand Valley State University reports there are approximately 5.5 million family-owned businesses in America. Constant communication is essential to ensure they run with vibrancy and maintain sustainability and longevity over time. Martha Sullivan is a business advisor, recovering-CPA and certified exit planning and value growth advisor who helps established business owners build, buy, and transition their company.   
Most businesses wrestle with the overlapping responsibilities that come with management and ownership of the company and, if it’s a family-owned enterprise, being a member of the family.  Owners avoid the tough conversations about transition like the plague.  Those that do think about if want to exit in a way that honors their goals, family, employees, and community.  But too often, they fumble the ball, leave money on the table, or suffer the profound sellers’ remorse three out of four business owners report because they failed to build a plan that honors their varied roles.  She joined me this week to tell me more.
For more information: https://www.thefbcg.com/
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