Leaders lead, a mouse hides. Be a leader, not a mouse. Don’t avoid the critical issues! Be Visionary, Be Proactive!

You have worked for decades to build your business into a successful venture. You are approaching retirement age and … now what? You have family members who, for many years, have relied upon you to keep the engine producing the necessary cash flow for the family. You have several family members ready to be handed the torch and lead the business into the next generation. How will you respond? Will you pass the torch? When will you be ready to pass the torch and how will you handle it?

How will you handle these scenarios, many of which apply to you today?

• You have two or more family members ready to be handed the torch? Who will be in charge? How will they deal with one another? Can they get along?
• One or more family members have not been “in the business,” yet you want to help provide for them as well. While you want to be fair, those who run the business must be given the incentive to do so.
• You have a spouse who must be provided for … how will you ensure this occurs?
• You may have a disabled child who must also be provided for … how will this be handled?
• You have debt load and personal guarantees … the lenders have relied upon your financial statement and your business prowess. How will the lenders react to “the next leadership”?

These and others are the important issues that face those in business today. Will you be a visionary, proactive, or be the mouse who fears to face the challenges?

For many years, Weiss LLP has represented closely held businesses facing these issues. Let the seasoned team at Weiss LLP meet with you and help you to face the future. Plan ahead, be a visionary … be proactive. You won’t regret it.