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PLAN AHEAD: Financial advisers Anthony Cerino and Kara Museler, who is also senior vice president of wealth management, at The Hilton Group at UBS Financial Services Inc. in Newport say business owners need to start planning years in advance for a successful business ­transition. 
PBN PHOTO/­DAVID HANSEN

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...

Pre-position for your next job search

What happens when your employment relationship is no longer working – for your employer or for you? That could happen at any time, forcing...
SUCCESSION CONSULTANT: Janice DiPietro, CEO of Exceptional Leaders International, is a consultant on succession for family-owned businesses. She recommends ownership changes be planned several years in advance. 
 / PBN PHOTO/
MICHAEL SALERNO

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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