Tag: Succession
Exit signs: How can business owners assess their readiness for transition?
Only 30% of business owners looking to sell find a buyer for their company, and only 10% get what they want.
Interestingly, roughly the same...
Family fishing charter sailing strong for 3 decades
Now in its 30th year, Newport-based Sara Star Fishing Charters is a study in small-business succession planning.
The business was founded in 1995 by Capt....
Exits that could help a minority entrepreneur
Rhode Island-based entrepreneur David Owoyemi was no stranger to startups in August 2022, when he was in the middle of launching a new enterprise,...
Mergers and acquisitions for mom and pop
While splashy headlines tout the success of midsized mergers and acquisitions throughout New England, Rhode Island small businesses are sharing the recent M&A boom....
Families need plan to protect, grow wealth
The biggest threat to a family losing its wealth over generations may be internal. Fights over succession planning or individual investment decisions can pull...
Communicate intent in succession planning to avoid family rifts
The transition of ownership in a family-owned small business doesn’t have to be stressful and emotional, but it can quickly tip in that direction...
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