Succession Planning

Why Succession Matters More than Ever

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Too few business leaders give enough thought into who will take over when they go, and it can yield disastrous results

What Does It Really Mean to Run a Family Business?

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We're looking for your insight into what makes for a successful family-owned or family-run business in 2014

Why Most Business Transactions Fail

PROFIT Business Cast

Selling a business doesn't always mean happily-ever-after. Here are 3 of the most common things that go wrong

The Smartest Thing To Do When Selling Your Business

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Formal business plans aren't just for startups. In fact, a good one can make or break a successful exit

The 3 Biggest Crises in Entrepreneurship Today

PROFIT Business Cast

Business owners today face huge challenges related to succession, experience and the global economy, says one advisor

The Hidden Danger of Retirement

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For entrepreneurs used to the hustle of running a business, unlimited downtime can be deadly. That's why you have to find a purpose

How to Revitalize the Family Business

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When the recession devastated the business her father built, Kathy Cheng decided to take it in a bold new direction

One Proven Way to Increase Your Company’s Sale Price

Black_Book

Thinking of selling your business? Prepare and refine your corporate profile to make the process much faster, easier and more lucrative

What Really Happens When You Sell Your Business

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One retired business owner shares how he scored a happy exit—and what you can do to do the same

When Should You Cut Your Losses?

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Deciding whether to shut down is one of the toughest decisions any entrepreneur will ever make. It helps if you dial down the emotion