Succession Planning—Lay The Groundwork For Your Business Transition
Eighty percent of business owners expect to retire in the next 10 years, according to a Business Enterprise Institute (BEI) survey. Unfortunately, most of those business owners haven’t actually created a detailed, written plan for their exit strategy. For most of the approximately 1,000 independent U.S. linen, uniform and facility services owners, the transfer of their business will be one of the most difficult tasks they’ll ever undertake. The transition process is full of business and financial challenges and takes much longer than many business owners may expect to prepare their company for a transition. Whether you’re planning to sell ...
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