4 min read

The Importance of Owner Transition When Selling a Business

By Private Practice Transitions on Aug 25, 2022 1:30:01 PM

Selling a business is a big decision that shouldn’t be taken for granted. Once the sale is made, you must go through a phase known as the transition period (or the handover period). During this period, you, as the existing owner, will remain with the business for a specific timeframe to help the new owner take control of it.  

Topics: Selling a Business Business Transition
2 min read

7 Ways to Prepare for the Transition of Your Business

By Justin Farmer on Feb 24, 2015 1:02:09 PM

Congratulations, you’ve made the decision to sell your business. You’re ready for the transition. But you have more questions than answers regarding how to begin? Like many small business owners, you’re probably feeling overwhelmed by the sheer volume of the task before you. Do you hire a consultant? Organize your books? Notify your employees and clients? What comes first? The questions can seem endless. But while getting started can be the hardest part of the process, it certainly doesn’t have to be.

Topics: Business Owners Sellers Consulting Services Business Transition