Tip #57 – Kid(s) Don’t Want To Take Over The Family Business?

57_groundedIt’s not unusual for the children of a business owner to not have any interest in the family business.

It can be for many reasons — outdated business, want to move out of town, disagreements with the business philosophy of the parents or just plain not interested.

If this is the case, then the business owner must come to grips with this reality right now and start creating an exit plan to sell the business to a third party to get maximum value.


Michael MarksMichael Marks, creator of Toons ‘n Tips, is a Certified Business Intermediary (CBI) and has over thirty-six years of business experience and ownership. He is a licensed real estate broker in the state of Colorado and has been selling businesses for over eighteen years. Michael has taken up cartooning as a hobby in recent years and has found that by using those skills, along with his extensive business experience, he has been able to create the Toons ‘n Tips drip marketing service for clients all over the country. Find out more about Michael at www.toonsntips.com.
2013-08-27T10:11:43+00:00 August 27th, 2013|Maximizing Business Value|