Succession Planning

How to Know When It’s Time to Exit

(Photo: Naomi Harris)

5 entrepreneurs share how they knew it was time to sell their businesses

Too Many Family Businesses Have No Succession Plan

family-succession

New research shows only half of family firms have formal plans for who will take over

8 Steps to a Painless Succession

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Worried about the transition of your business? Try applying this approach to change management

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

business plan

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

kathy cheng

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