Why business owners need an exit strategy
The COVID-19 pandemic has been hard on businesses, and it’s no surprise that many owners may be looking for an exit. For some, that could mean selling. For others it may be time to let the next generation take the reins. Tom Deans, intergenerational wealth expert and author of Every Family’s Business: 12 Common Sense Questions to Protect Your Wealth, talks with Kim Parlee about why every business owner should put succession planning at the top of their to-do list.