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

#81855

Clark Murphy
Participant

In my opinion, it depends on what the “family business” acquisition was intended to be used for? If you need the Family business to continue running as is, or if this “Family Business” is in a new market/industry and you need the owners expertise then you keep the owner. But if you plan to modifying or growing this “Family business” into something else, then I’d advise to let owner go.

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