8 pitfalls of family business transitions

Middle-market business transitions are rarely simple, with family business transitions among the most complex. A business transition — whether an acquisition, sale of a business, restructuring, or leadership change — may generate the energy to grow a business’s value, or it may allow an owner to start a new chapter. With the overhang of a global pandemic, the challenge of simultaneously maintaining business performance, handing over the management reins, and managing a transaction, especially…

Middle-market business transitions are rarely simple, with family business transitions among the most complex. A business transition — whether an acquisition, sale of a business, restructuring, or leadership change — may generate the energy to grow a business’s value, or it may allow an owner to start a new chapter. With the overhang of a global pandemic, the challenge of simultaneously maintaining business performance, handing over the management reins, and managing a transaction, especially…

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