In this podcast episode, Art and Sue are joined by George Foster of Foster Marketing to talk about his “succession journey” which involved transitioning ownership to an internal successor. He talks candidly about how he determined who would succeed him and how he was able to make that happen.
· Answer the question, do you want a lifestyle business or a legacy business?
· It’s never too early to start.
· Determining the “who” (people) will drive the “how” (legal and financial).
· The best exit plan may not be a transfer to an external buyer, but to a valued employee.
STM played a role in helping George answer the “who” question, and we can help you to. Click here to download information about our approach to the succession process or reply to this message with TELL ME MORE and we can set up a time to talk about how STM can support you in your succession journey.
