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Five options for business ownership transition

While it takes years and years to build a company beyond its founder(s), most owners have a difficult time thinking through viable options and making plans for ownership succession.

By Bob Coen | Updated on July 28, 2016
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Ownership transition is an issue that many businesses will address in the years ahead, either directly or indirectly. According to the US Census Bureau, nearly two-thirds of the four million U.S. companies are owned by baby boomers who are often looking to retire or scale back their work.

While it takes years and years to build a company beyond its founder(s), most owners have a difficult time thinking through viable options and making plans for ownership succession. Many owners are not prepared to consider life after their company, as it’s often a very emotional discussion and very few people can add value to such a discussion.

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