David Waymann, AdviCoach, on the Importance of a Business Transition Plan

DEXTER, Mich. - Michimich -- Business coach David Waymann advises business owners to plan carefully prior to planning their exit from the company.

Whether retiring, selling, or stepping down for other reasons, a thorough business transition plan can make the transition smoother for business owners and their employees.

Planning who will be taking over, what their responsibilities will be, and when the transition will occur helps keep business running as usual.

A business transition plan also ensures the business owner is prepared for the next phase in their life, financially.

Planning early gives the business owner time to consider all options and possible issues they may encounter. For example:
  • Are the buyer's and seller's expectations aligned?
  • If they decide to stay on in a less involved role after selling, how will they feel watching others make decisions they would have made differently?
  • Will they be happy walking away?
Careful planning starts early and is customized to meet the individual's needs.

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About David Waymann
David is an accomplished and experienced business professional who brings over 40 years of insight to the table. As a business coach, he specializes in helping business owners prioritize their needs. He can help you prepare to transition into this next phase of your life, whether you're moving on to another business or planning to enjoy a leisurely retirement.

It all starts with a phone call. Call 734-726-5208 for a free coaching session or contact David through his AdviCoach of Southeast Michigan website at: https://advicoach.com/southeastmi/.

David Waymann

Source: Michigan SEO Group
Filed Under: Business

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