From One Generation to the Next: Strategies For Selling a Family Business

Episode notes

From One Generation to the Next: Strategies For Selling a Family Business Welcome to ValuationPodcast.com, a series dedicated to exploring the intricate world of business and valuation. I'm your host, Melissa Gragg, a mediator and business valuation expert based in St. Louis, Missouri. Today, I'm joined by Kirk Michie, founder of Candor Advisors and a seasoned expert in assisting entrepreneurs and high-net-worth families with strategic planning and legacy objectives. Our discussion today centers on the challenges and strategies involved in selling multi-generational family businesses. Questions Addressed: What are the dynamics that multi-generational businesses face, especially when considering a sale? What are some common challenges you've seen in multi-generational businesses as they prepare for a transition or sale? How do the challenges differ from those faced by first-generation businesses? What are some effective succession planning strategies for family-owned businesses looking to preserve their legacy while preparing for a sale?

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