How Do I Avoid The 7 Key Pitfalls When Transitioning My Business – Part 1

Running a business can be difficult.  Transitioning your business to the next owner will likely be one of the most difficult things you do in business.  And you usually only get one shot at it!

John Sonnhalter, Founder of Ohio Industrial Advertising (dba Sonnhalter)

We are joined in studio by John Sonnhalter, the Founder of Ohio Industrial Advertising dba Sonnhalter, a B2T marketing firm specializing in helping companies who target professional trances men in the construction, industrial and MRO markets.

Family Business Issues – When Is It Time To Leave? (Part 1)

Family can be a blessing and a curse.  That’s true whether you are talking about real life or your business.  At times we can become too “familiar” with each other.  Usually when that happens with family in the business we will overlook things that we wouldn’t otherwise overlook in our employees or business partners who aren’t family.  Too often, it comes to the point where someone needs to leave.  So what do you do?

Alex Gertsburg Owner of The Gertsburg Law Firm

We are joined in studio by Alex Gertsburg, owner of The Gertsburg Law Firm), a law firm that is quite unlike other law firms you’ve encountered.  In fact, The Gertsburg Law Firm is the result of lessons Alex learned earlier in his career working for a combination of big law firms and then going in house where he had to hire outside counsel.  In short, Alex couldn’t find the right firm to work for or hire so he created it

Bill Streb Owner of Streb Electric – Second Generation Business

In this episode we were joined in studio by Bill Streb, owner of Streb Electric a second generation electrical services company.  During the show Bill shared several stories about how he got into the family business and eventually purchased it, including breaking the news to his wife!

How Do I Get Ready To Take Over the Business?

For the last two shows we spent some time talking about this topic of transitioning a business from the owner’s perspective. Tonight, we flipped the script to talk about it from the next generation’s standpoint. While some of the questions are similar the perspective and decisions will be different

How Do I Get Ready To Transition My Business (Part 2)?

Tonight is the second part of a show we started last week to talk about how to transition the business from one generation to the next.  These two shows are geared to the current owner and questions and concerns they have.  Net week we will get into questions from the next generation’s standpoint, but this week and last week’s shows should be helpful for you as well.

How Do I Get Ready To Transition My Business?

This episode was designed to be the first of a 2-part series focused on helping both current owners and potential next generation owners figure out how to transition the business.  Well, we only got about half way through the questions for the current owner this week so we will cover the second half in next week’s show.  After that we will get into questions from the next generation’s standpoint.