How To Sell Your Family’s Business

Family business sold

How To Sell Your Family’s Business

Stephanie Leshney was the third employee at her father’s company, Ross Organic, a leader in the sales of eco-friendly ingredients used by cosmetic manufacturers.

After more than a decade of working for her father, Leshney and her sister pitched their dad on taking over his business. He agreed, and 10 years later Leshney attracted a strategic acquisition offer from one of the largest cosmetics companies in the world.

In this episode, you’ll learn:

  • How to successfully manage the family dynamics involved in the transition from one generation to the next
  • How to tell employees that you’re thinking of selling
  • The importance of being part of industry associations to network with potential acquirers
  • The strategic rationale for why acquirers buy

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