A succession plan that exists only in your head is a dream, not a plan. What leadership succession planning actually involves, and why closed candidate lists backfire.
Why buyers pay more for a business that does not depend on the owner, and the compensation and retention challenges that arise once a sale is underway.
Selling during a changing or uncertain environment is not automatically the wrong call. The factors, rising sales, necessity products, falling demand, that tip the decision.
What change-of-control provisions do inside supplier, customer and lease contracts, and why sellers need them to keep a business from grinding to a halt after a sale.
Why the endowment effect makes owners overvalue what they built, and why recognizing that bias is the first step before estate planning, recapitalization or a sale.