"Developing a Transition Strategy"
This article originally appeared in the Fourth Quarter, Fall 2004 issue of The MHEDA Journal ©Data Key Communications, Inc. All rights reserved.
Every business is going to transition at least once during the current owner’s career. In fact, the business may transition more than once. A business transition is defined as a change in ownership control. That control may happen suddenly as with the sale of the company to a new buyer, or the process may take years if family members are at the heart of the process.
