{"id":52247,"date":"2017-10-08t05:00:26","date_gmt":"2017-10-08t09:00:26","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=52247"},"modified":"2017-10-29t17:34:32","modified_gmt":"2017-10-29t21:34:32","slug":"3-ways-firms-scare-off-successors","status":"publish","type":"post","link":"\/\/www.g005e.com\/2017\/10\/08\/3-ways-firms-scare-off-successors\/","title":{"rendered":"3 ways firms scare off successors"},"content":{"rendered":"

\"man<\/a>and 7 steps to making ownership attractive to new leaders.
\n<\/strong><\/p>\n

by terrence e. putney<\/em>
\n
bridging the gap<\/i><\/a><\/p>\n

buying into a firm as a new owner involves great opportunity, but also significant risk. it is reasonable for ownership candidates to evaluate the potential for professional and financial rewards before taking such a step.<\/p>\n

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therefore, firms must be willing to honestly assess the potential risks and benefits for candidates as they seek to attract new partner-owners who can contribute meaningfully to the firm\u2019s continued success.
\n
\nmost of the firms i work with on succession planning start off with a strong preference to remain independent. they want to avoid having to sell or merge in order to address the need to pay off and replace retiring owners. the common reasons cited are:<\/p>\n