How To Sell Your Family’s Business
Stephanie Leshney was the third employee at her father’s company, Ross Organic, a leader in the sales of eco-friendly ingredients used by cosmetic manufacturers.
After more than a decade of working for her father, Leshney and her sister pitched their dad on taking over his business. He agreed, and 10 years later Leshney attracted a strategic acquisition offer from one of the largest cosmetics companies in the world.
In this episode, you’ll learn:
- How to successfully manage the family dynamics involved in the transition from one generation to the next
- How to tell employees that you’re thinking of selling
- The importance of being part of industry associations to network with potential acquirers
- The strategic rationale for why acquirers buy