Transitioning a family business

In this episode, Sarah Widmeyer speaks with Tom Dean, author of “Every Family’s Business”. Tom stresses that it is impossible to separate family and business and addresses the importance of talking openly and honestly about when and to whom the business will be sold. Whether you plan to transition it to the next generation, to a key employee or a competitor, it’s important to build your business with the end in mind and talk openly and honestly with your family about your plans.