Essential Strategies for Successful Business Transitions

Succession planning is one of the most important and most emotional challenges a private or family-owned business will face. To help owners navigate it, the Cincinnati Business Courier recently convened a panel of local experts, including our own Dave Nienaber, financial planner and shareholder at Foster & Motley Wealth Management, alongside Carol Butler of the Goering Center for Family & Private Business and Christopher Kuhnhein of Cors & Bassett Attorneys at Law.

Drawing on the firm’s nearly 30 years of guiding clients through their own succession journey and those of clients’, Dave shared insight on one of the questions that trips up even the most successful owners: "Do you own a business, or do you own a job?" He spoke to what it really takes to build a business that can thrive without its founder — from knowing your number, to preparing for life after the sale, to the family conversations that are hard to start but even harder to postpone.

Read the full conversation on succession planning, governance, and legacy-building in the Cincinnati Business Courier's Table of Experts. (Subscription may be required.) Download a PDF copy of the article here.