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I Want My Kids to Take Over the Business. But They Can't Afford It.
What happens when you want your kids to take over the family business but they can't afford to buy it?
Selling a family business to the next generation isn't as simple as naming a price and handing over the keys. The owner still needs to get paid, the next generation needs to be ready to lead, and the business needs to remain profitable throughout the transition.
In this episode, Dominic Rubino sits down with business exit expert Greg De Simone to unpack practical ways owners can structure a family business transition.
Greg explains how seller notes can work, why they can create risk for both…
The skinny
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