With support from the Cleveland Foundation, the Ohio Employee Ownership Center has published a new book on business succession planning Business Succession Planning: An Owner's Manual. The book provides business owners with basic information and worksheets that enable the development of an initial business succession plan. It is designed following a 5-step process that includes:
1. Defining Goals and Objectives, for your business and yourself (and family)
2. Determining how much your company is worth
3. Exploring available options for selling or transferring your business
4. Developing and implementing your succession plan
5. Developing a personal plan for the next stage of your life
You can access a free PDF version of the book by clicking here.