Reply To: After integrating a family business, should the former owner remain or not?

#112828

Mandana Javaheri
Participant

I would say it depends on many factors. In general it is good to retain the personnel who know the business in and out specially the founders and owners. Depending on the integration plans on various aspects; including, products/goods, culture, sales/GTM, financial and accounting, the decision needs to make on whether it makes sense to retain the family owners or not. Also depends whether the buyer company is another family business or not and whether the owners on both sides share same vision, mission and goals.

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