Major events like the COVID-19 crisis cause many business owners to re-evaluate the plans they had in place for the future – and those they didn’t. If the current economic downturn has you rethinking your succession plan, or wishing you had one, now is the time to assess your business exit strategies. An effective succession plan will not only help you create a path to your anticipated exit but also prepare your business for more unexpected turns along the way.
Speaking to Crain’s New York Business, Grassi’s Consulting Services Leader, Anthony Tomaro, answers many of the questions you should asking when considering your business exit. Your Grassi advisor is here to answer the rest.
Click here to read the full Q&A.