Succession Planning w/Wayne Rivers

Family businesses face different challenges with succession planning due to the close-knit interpersonal relationships that come with running such a business. Whether planning ownership, management or exit strategies, Wayne Rivers of The Family Business Institute helps business owners when passing on or leaving their companies.

In today’s “Succession Planning” session, Rivers described the benefits of The Family Business Institute’s “Stress Test,” which helps companies identify how to plan for a successful future under any circumstance: sustaining healthy sales and profit margins; declining revenues or margins; new market or product expansion and more.

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