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12 articles for “Succession Planning”
Exit Planning: Consider All Your Options
For many business owners, the idea of eventually exiting their business means selling the company to a third-party buyer, collecting the proceeds, and retiri...
Understanding Cash Flow Statements and Profit & Loss Statements
As we approach the end of the school year, school bus operators are already planning work that must be done over the summer months. For most operators, the s...
Understanding “Working Capital” in a Buy/Sell Transaction
“Working Capital” is an important part of business buy/sell transactions, but it is not a term commonly used or known by most business owners. Working capita...
Succession & Exit Planning Road Map
Whether retirement is five years away or fifteen, succession and exit planning is one of the most important strategic steps a business owner can take to prot...
Exit and Succession Planning – Start Now
A family business is more than just a company; it’s a legacy, or maybe it’s a retirement asset. Yet, without a thoughtful and strategic succession plan, that...
Planning your Route to Retirement - Close the Gaps and Secure Your Legacy
As a school bus contractor, you’ve built a business that helps the community while supporting your family. But what is your long term future plan? Business o...
End of Year Legal Considerations for your Business
As the end of the year approaches, there are several legal considerations and tasks that businesses should address. Here are some end-of-the-year to-do items...
The Power of Succession Planning
When change is the only constant in the business world, organizations need to equip themselves with a strategy that ensures continuity and adaptability. Succ...
Cultivating Excellence: A Guide to Leadership and Management Development
In the dynamic landscape of business, leadership and management development stand as cornerstones for sustainable growth. This guide aims to illuminate the p...
Preparing Your Business to Transition to a New Future
It’s always a good time to think about succession planning and long term goals. Now, with the uncertainty that 2020 has brought, it’s as good a time as any t...
Succession Planning: Taking Control of Your Business's Future
What is your retirement plan? At this year’s PSBA Annual Convention at the Penn Stater Hotel and Conference Center, Rich Kelly presented a workshop discussin...
Succession Planning (article published under PSBA guise - not RCKLA/Legal Focus)
What does the next generation of your company look like? Who will carry on when retirement comes, ready or not! These are the important questions that need...