"When it comes to American institutions, the family-owned business ranks right up there with baseball and apple pie. Yet whenever I am called to meet with business owners from more than one generation, I do so with mixed emotions.
Friendly faces always gather at the conference table, but beyond that point — as the ancient mapmakers used to inscribe at the edge of the page — there be dragons. In some instances, the family dynamics are evident immediately. In others, it can take months to decipher everyone's true feelings about where the family business should be headed.
The two most common situations when a family is choosing between succession and a sale tend to be the following. Either one or more of the children want to take over the business, but the parents have other ideas, or mom and dad want the children to take over but the children have other plans for their lives. Even when everyone's motives are clear, making the decision to sell can be tough."
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Deciding to Sell the Family Business:
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.
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