Succession Planning Articles from Best Human Capital Advisory Group

August 2, 2021

The Missing Employees

by John Dini, CExP, CEPA in BEST Advisory, BEST Industry News, BEST Recruiting, Exit Planning, Succession Planning

Are you missing employees? Where did they go? I just got off the phone with a restaurant owner who temporarily closed one of his locations so that he could redistribute the staff to the other three. I’ve also heard or seen in the last week: A Starbucks closing at 4:00 PM for lack of staff. […]

June 21, 2021

Exit Planning: You Need to Grieve it to Leave it

by The BEST Blogger in BEST Advisory, Exit Planning, Succession Planning

Strategies for the Emotional Side of Exit Planning and Career Transition It was just a few minutes into our phone call, and our clients started to cry. Working on their business exit planning and reviewing the financial and transactional aspects of selling their nursery operation, it suddenly hit them as they looked over a beautiful […]

March 17, 2021

Internal Leaders Affect the Value of Your Business

by John Dini, CExP, CEPA in BEST Advisory, Exit Planning, Succession Planning

Internal leaders may not be obvious. They may not even have a “leadership” title. Make no mistake, however; internal leaders are critical to value and attractiveness when it comes to selling your business. In Super Bowl 55 we saw the impact of an internal leader. Tom Brady has the highest winning percentage of any single athlete in major professional […]

February 28, 2020

Exit Planning: It can wait until tomorrow, right?

by Ben Molenda, PRC in BEST Advisory, Exit Planning, Succession Planning

When asked about succession or exit planning, have you given one of these responses? “I think I will leave my business in three to five years.” “The operation still needs me.” “The business is not ready to be transitioned.” “We are too busy to worry about succession.” “I will easily sell it in a few […]

July 24, 2019

Don’t Let Your Succession Plan be a Bad Sequel

by Tessa Rasmussen in BEST Advisory, Exit Planning, Succession Planning

When movies are made correctly and have appeal, there is no denying the impact. They win awards, inspire the audience, and fill the pockets of the movie studios. However, these blockbusters can also be the platforms for some of the biggest flops on record. After a successful movie the audience wonders what will come next, […]

January 11, 2018

Why Succession Planning is Rarely a Success

by The BEST Blogger in BEST Advisory, Exit Planning, Succession Planning

The numbers are staggering. 10,000 Baby Boomers hit retirement age every day and 60% of all business owners are over age 55. According to recent surveys by the Exit Planning Institute, PNC Bank and Kent State, 80% of business owners have no transition plan, or have not documented or communicated a succession plan. Furthermore, 80% […]

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Tag Archives: Succession Planning

The Missing Employees

Exit Planning: You Need to Grieve it to Leave it

Internal Leaders Affect the Value of Your Business

Exit Planning: It can wait until tomorrow, right?

Don’t Let Your Succession Plan be a Bad Sequel

Why Succession Planning is Rarely a Success

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