Successfully Transitioning Out of the Family Business

Have you gotten to the point in your life, where some, perhaps many, of the dreams you had 20 or 30 years ago have come true?  Or maybe you realize that winning a major award, or the next product launch, or the next promotion is not that important anymore?  Either way, do you find yourself asking, "what's next, now?"

We all do.  I would argue that for business owners, it can be doubly tricky.  I have owned a couple of businesses.  After I left each of them, I sat back and wondered, "what the heck am I gonna do now?".  In one business I lost money, in another I made out pretty well - not enough to "retire" (whatever that means), but enough to take some time off to think.

 “Did you know?

1.    Gray divorce (married couples age 50+ getting divorced) has risen 150% in the past 20 years

2.    Business owners report that leaving their business felt like falling into a black hole – this is called “Retirement Remorse”

3.    60% percent of business owners between the ages of 55-64 have not discussed their exit plans with their spouses or business partners

You will learn:

1.    Successful ways and Unsuccessful ways to leave your business

2.    How to avoid Retirement Remorse

3.    How to build a practical path to The Platinum Years℠, the best 10, 20 or 30 years of life

“Listen to one of the leading experts of helping owners, executives and others deal with the intellectual and emotional aspects of the business transition.”

Read the February White Paper and join The Network of Family Businesses for a virtual educational Webinar on Tuesday, February 25^th, 2014 at 11:00 AM Eastern Time, with Paul Cronin

Paul Cronin, Partner, Successful Transition Planning Institute (STPI) in Cambridge, MA

Paul Cronin brings over 25 years of professional experience in sales, management, consulting and

entrepreneurship to STPI.  In 2009 he began working with STPI’s founder, Jack Beauregard, and has been an integral part of transforming the small consultancy company into a major force in Transition Planning for Baby Boomers. 

  

Paul’s background includes being part of the team that grew Eden Toys, a small NY-based toy manufacturer, into a $90 million company serving thousands of US retailers including TJX, Macy’s and Nordstrom. Paul was the owner of PFC Resources, a business acceleration consulting company focused on helping business owners expand new into new markets as well as a partner in two other consulting firms.  Paul has participated in growing established and start-up businesses, having sold his most recent company in 2008.

Paul Cronin has also presented at the MIT Enterprise Forum, Northeastern University and Salem State University (MA) on issues of entrepreneurship, personal and business transition, running a successful business and business networking. www.successfultransitionplanning.com

For additional information email: steve@netfamilybusiness.com