Are You Approaching Retirement and Struggling with the Prospect of Selling Your Business?

Posted by | June 12, 2015

A new Columbia Business School paper co-authored by Barbara Roberts, entrepreneur-in-residence at Columbia Business School, and Murray Low, director of entrepreneurship education at the Eugene Lang Entrepreneurship Center at Columbia Business School, may interest you. The paper, which was commissioned by U.S. Trust, follows eight successful entrepreneurs as they navigate the challenges of relinquishing their businesses.

“Building a successful business can be wildly exciting, all-encompassing hard work that also has led to great personal and family wealth,” said Roberts. “We know that it’s passion for what they are doing that drives most people to business ownership. While much has been written about the start-up and growth phases of entrepreneurialism, little attention has been given to the challenges business owners face creating financial value when preparing for the exit phase and beyond.”

The eight case studies spotlight the emotional, financial and psychological factors involved in planning for the sale or transfer of a closely held business. The complete paper can be found here.

If you’d like to see how the Vann Group can help you prepare a succession plan, please check out our succession planning white paper.