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You are here: Home / Growing Your People / Developing and Retaining Employees / Business Succession and Transition: Should I Stay or Grow?

January 7, 2019 By Pam Butterfield

Business Succession and Transition: Should I Stay or Grow?

Succession/Transition Planning:  None of us can work forever. Most of us don’t want to. So closely held and family-owned businesses need a plan for transitioning their companies. How do you plan and execute a successful hand-off to the next generation and help to make the business even stronger?

Recently, I participated in two panel discussions, part of Manufacturing Matters sponsored by Simsbury Bank.  Our round table includes:

  • Fourth-generation business owner Capri Frank of Miller Foods and Oma’s Pride in Avon (both episodes);
  • Marc Reich, Chairman and CEO of Ironwood Capital, a private equity firm with vast experience in Small Manufacturing Businesses (SBMs)  and family-owned businesses (episode 5);
  • Lou George, an attorney and founding partner of the firm Hassett & George. P.C. (episode 6);
  • Sal Giuliano, Managing Partner of Gitlin Campise Prendergast, an accounting firm that has helped many SMB and family-owned businesses with succession planning (both episodes); and
  • Pam Butterfield, Founder and President of Business Success Tools and adviser to business owners and leaders on creating organizational strength and long-term success during times of transition and succession (both episodes).

There are ways to keep your business alive and have it thrive.  Be sure to tune into Episodes 5 and 6:

Business Transition and Succession Planning:     https://www.simsburybank.com/manufacturing-matters/

Filed Under: Developing and Retaining Employees, Family Owned Business, Growing Your Business, Growing Your People, Growing Your Team, Leadership and Management, News, Succession Planning, Uncategorized, Workforce Development Tagged With: ctfamily-ownedbusiness, ctmanufacturing, ctsmallbusiness, manufacturingmatters, skilledlabor, skilledworkforce, workforcedevelopment

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