On this episode, Michael shares his insight into what it looks like for second or third generation family members to buy out a family run business. Michael shares the multiple stages of succession planning, and gives some advice for those who have opened "Pandora's Box," as he puts it.
Corporate dealmaker Michael Vann chats with Dave about business during and after the pandemic and admits to being a member of Peloton Nation.
Ira speaks with Michael Vann of the Vann Group, on how the multi-faceted consulting group he runs with his father, Kevin does a range from helping companies build healthy governance, and equip the next generation to lead; and with esteemed partners revived the Student Prince, and now the White Hut.
For over twenty years, today’s guest has been part of an entrepreneurial father and son team that has helped the owners of privately held small and mid-size businesses build, maximize and realize the value in their businesses and prepare for profitable exits.
Michael Vann, President of The Vann Group, LLC , provides insight on: 1. Why succession planning is vital in any business 2. Why contingency planning is also critical 3. How to prepare to exit your business, in whatever way you may choose to, and how to prepare for the next phase.
How we help our clients maximize the value of their business for when they sell it! Seth speaks to Michael Vann, President of The Vann Group, LLC , about how he has successfully advised companies in a variety of industries including professional and technical services, insurance and financial services, construction, industrial services, manufacturing, and food & hospitality.
Entry and Exit Strategies Ep. 53 When you first start your business the last thing you are most likely thinking about is what your exit plan is. Knowing your exit strategy or even just having an outline, as it can change over time, can help for other things like if there was ever an accident. Which of course we never wish for but we still buy the insurance. This is the same for your business strategy.
One Size Does Not Fit All: Growth Management Systems in the Real World Ep. 229 With so many growth management systems on the market — and ardent disciples for each — which one is right for your business? Steve Gordon talks to Vann Group President, Michael Vann, about how to sift through the options to find an operating system that works for your culture and objectives.
Buying Out the Boss Ep. 316 Michael and Kevin discuss the pitfalls to avoid when negotiating a transition to a family member or current employees.