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


Generally speaking it is often critical to retain and properly incentivize the (previous) owners as customers, suppliers, employees and other stakeholders might feel loyal to him/her. In particular in people businesses. Our company has done acquisitions in which previous owners then went on to make successful careers. But in many other cases it was a matter of going through a transition process of a few years in which the company reduced the dependency from the previous owners and prepared a succession plan.

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