A business transition plan - Coming to grips with the reality of your business
In this interview,Stephen Reisler talks about the importance of having a business transition plan. It's essential to use the expertise of a consultant who specializes in this arena and can work with as the business owner's existing advisors.
Not having a business transition plan can be very costly to the stakeholders.
From his experience in working with many senior business owners, Stephen says that most of them aren't clear about the repercussions to the stakeholders of not having a plan for business transition. Stakeholders include partners, employees, family members, suppliers, shareholders, and clients.
About Stephen Reisler
Stephen Reisler is a principal with ROCG which is a professional service and consulting firm in many countries. The company specializes in three areas: 1) business transition strategy, 2) finance and 3) operations for privately owned and emerging growth enterprises.
For over 15 years, Stephen has helped individuals and companies create and implement transition plans for their businesses. He is also an expert at building business value. In addition, Stephen provides merger and acquisition services for privately held mid-market companies.
Stephen is Certified Merger & Acquisition Advisor (CM&AA), and a member of the Alliance of Merger & Acquisition Advisors. He is also a wine aficionado.
For more about Stephen, see business-transition.com