Articles

succession

Debt as a Tool for Succession Planning: Financing a Smooth Ownership Transition

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Succession planning is a critical step for any business, especially family-owned and privately held companies. Whether you're passing the business to the next generation, selling to an external buyer, or transitioning to employee ownership, having a solid financial strategy is essential. One powerful but often overlooked tool in succession planning is debt financing. When used strategically, debt can facilitate a smooth transition, ensuring business continuity and long-term success.

How D…

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Is a Fractional CFO the Solution Your Business Needs?

kristinegivens

In today’s dynamic business environment, financial expertise is not just a luxury—it’s a necessity. Many small to mid-sized businesses find themselves at a crossroads: they need high-level financial guidance but don’t yet have the scale to justify a full-time CFO. Enter the fractional CFO, a flexible solution offering executive-level financial support without the cost of a full-time hire.

I recently had the privilege of discussing this topic on the demystifying FRANCHISE OWNERSHIP with Kr…

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Empowered Succession Planning: Lessons Learned from Decades of Experience

empowered succession planning

As a fractional CFO specializing in family-owned businesses, I’ve witnessed firsthand how lack of preparation can devastate even the most successful companies. 

I recently discussed these principles on the Journeys of Not So Ordinary People Podcast with Dr. Joe Hamlett and Dr. Dave Peltz. We explored the emotional and financial challenges of succession planning, along with practical strategies to prepare for the future. The conversation highlighted why so many businesses fail to plan adeq…

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The Crucial Art of Succession Planning for Family Businesses

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Succession planning is a topic that rarely gets the attention it deserves, especially in family-owned businesses. Yet, it’s one of the most critical factors in preserving a company’s legacy and ensuring its survival for future generations. 

I was recently a guest on the Action’s Antidotes podcast with Stephen Jaye and we discussed the importance of planning for business transitions, especially as founders or business owners approach retirement, including finding suitable successors and ma…

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Is Your Business Prepared for Its Future Without You?

As a fractional CFO with years of experience working alongside family-owned businesses, I’ve witnessed firsthand the challenges entrepreneurs face when preparing for the inevitable transition out of their companies. In my recent podcast interview, we delved into the importance of succession planning, the critical role of mindset shifts, and actionable steps to secure your business legacy.

The Transition Challenge: Letting Go of Control

For many founders, their businesses represent more t…

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Beyond the Founder – Beating the Odds in Family Business Succession

disruptor podcast

Beyond the Founder – Beating the Odds in Family Business Succession

I recently joined John Kundtz on The Disruptor Podcast to discuss a crucial topic for family-owned businesses: "Beyond the Founder: Beating the Odds in Family Business Succession." Did you know that 50% of family businesses fail after the owner's death? 

We delved into some other alarming statistics—like how only 1 in 3 family businesses make it to the second generation—and explored how early succession planning can se…

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