Six Steps For Making Your Business A Family Legacy

A Tale of Two Dry-Cleaners  I was in a meeting of small business owners when one owner suddenly broke into tears. He owned a multi-store dry-cleaning business that he desperately wanted to be continued as a family legacy. His three daughters, however, had made it clear they did not want to participate in the continuation of the business when dear, old Dad moves on. This news had been devastating to him and our discussion about exit strategies reopened his emotional wound. I also came across a s...