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Planning to sell, exit, or transition a business requires heavy lifting legally, and financially. Unfortunately, personal (and psychological) transition often lags behind. Specialized tools and applied psychology can help to unearth and manage internal exit planning roadblocks.
Business owners often fail to successfully transition out of their businesses because they have spent precious little time planning life after the exit. Effort and time spent planning for this next phase is not only in the best interest of the owner, but also the business itself.
Fully assessing and understanding the capabilities, traits, and key motivators of future owners and leaders can help avoid unnecessary conflict as well as maximize smooth business transitions from the current owner/leader to the next.
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