Is it time to have 'The Conversation' about selling your business? | Stevens Point Journal

More often than not, your kids do not share the same enthusiasm regarding your plan for them to assume responsibility for the family business.  Statistics show only one in twenty businesses transfer to a family member.

"My kids are very young, so we haven’t had “the talk” yet. But I do meet with a lot of business owners and have “The Conversation.”

What’s “The Conversation?” Just like “The Talk,” it can be emotional, eye-opening and sometimes even a little uncomfortable. “The Conversation” is a discussion about the strengths and challenges of the business owner’s company, his or her future goals, and whether or not it’s time to sell or start the planning process to sell some time in the next five years.

Is it time for you to have a conversation? I’ve put together a quick, 10-question self analysis tool to help you decide if this is the right time to talk with an M&A advisor. Read the statements below and see if you agree or disagree:"

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Scott Bushkie column: Is it time to have 'The Conversation' about selling your business? | Stevens Point Journal | stevenspointjournal.com:

For additional information regarding Florida business sales, acquisitions and valuations, please contact Eric J. Gall at info@buysellflbiz.com or 239.738.6227. Also, visit our Florida Business Exchange website at www.fbxbrokers.com and my personal website at www.buysellflbiz.com.