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Business Succession

2 GoKawiil briefs on this topic

Business buyers pay premium for firms with documented, transferable culture

As roughly $5 trillion in business value is expected to change hands amid a wave of owner retirements, buyers are becoming more selective about which companies they acquire. Reporting indicates purchasers are willing to pay more for businesses that have a clear, visible culture that can survive the departure of the founder.

Entrepreneur op-ed warns undocumented succession plans risk family business breakups

A contributor writing for Entrepreneur argues that most business owners fail to formally document their exit and succession wishes, leaving families to guess at intentions during crises like death, disability, divorce or disagreement. The piece cites the statistic that half of all owners will eventually exit due to one of these 'five Ds,' often without written guidance in place.