Monday, April 18, 2016

The Disappearing Weeks...

It can be amazing how fast certain things can creep up on you and then when you come out the other end, you realize it's two weeks later.

It seems like yesterday that April arrived and with it, some mediations and trial time that would take me through tax day (which is today in case you missed the myriad of stories about it all over the news/online). And now here we are on April 18...

With the arrival of tax time, I've been working with a few small companies on their dissolution, whether through mediation (which requires a lot more time and animosity) or by a business succession agreement to assist the parties to re-define their roles in the business. One of the more emotional issues that arose in each situation was the attachment to the business they founded and the realization that the business would be evolving into something totally different going forward.

It can be even harder when it is your name on the business, but you have decided that it is time to move on and you want to make sure you are leaving the business (and your reputation and name) in good hands. How easy is it for you to let go of that control that you have spent so much time cultivating while you grew your business? Can you even do it? Getting to that answer can be one of the hardest quests for a business owner.

But in the end, whether the business owners can agree or not, the businesses must move forward to their next iterations.

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