Building a successful business is never easy, and when it comes time to hand over the reins, it can seem like the biggest challenge yet.
Succession planning in hardware and building supply is full of options, but one thing is clear in whatever choice you make: without a solid plan, you can’t expect a smooth and satisfying transition.
In this white paper, we discuss the best practices for succession — whether you’re keeping the business in the family or hoping to sell to worthy new ownership.
- The importance of communication and information accuracy
- Financial implications, from retirement to real estate to taxes
- Technology to help guide the process
- 6 principles to lay a foundation of success
- And more
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