When it makes sense to hand down the family business…and when it doesn’t
BY KEVYN BURGER
“A lot of owners have their nose to the grindstone as we come out of the recession. They say they don’t have time to think about succession planning,” says Julie Keyes, owner and operator of KeyeStrategies, a Coon Rapids-based business coach and exit planner. “I should say, they don’t make the time.”
Keyes has found that the toll taken by the economic downturn has stalled the transition of some of her manufacturing clients.