Podknife - 25. The Importance Of Having an Exit Plan with Wendi Ewalt And Leslie Chanel by M&A Unplugged

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25. The Importance Of Having an Exit Plan with Wendi Ewalt And Leslie Chanel

Podcast |: M&A Unplugged
Publisher |: Domenic Rinaldi
Media Type |: audio
Podknife tags |: Business,; Interview,; Investing,; Mergers & Acquisitions
Categories Via RSS |: Business,; Investing
Publication Date |: Dec 03, 2019
Episode Duration |: 00:30:11

In this episode, Domenic, Wendi Ewalt, and Leslie Chanel discuss:

The early days of building Wenesco from the ground up.
What happened to the company without a succession plan in place.
Enacting changes within the company during transition periods.
Advice for families of business owners without a succession plan.

Key Takeaways:

It’s so critical to have a succession plan and to build that early on with your advisors.
Having a succession plan can help prevent the stress on your family of having to run, operate, and possibly sell the business.
Have an operations manual in place.
Put a succession plan, well in advance. Life is unpredictable.

"Get everything, the processes, in writing, as much as you can. At least then you have a guideline to follow." —  Wendi Ewalt

About Wendi Ewalt: Former president of Wenesco upon the death of Brian Lowenthal. Interested in travel, flea marketing, vintage finds.

Connect with Wenesco:

Twitter: @WenescoInc

Facebook: Wenesco, Inc.

Website: Wenesco.com

YouTube: Wenesco Inc  

Connect with Domenic Rinaldi:

Sun Acquisitions Website: www.sunacquisitions.com

M&A Unplugged Website: www.maunplugged.com

Email: marketing@sunacquisitions.com

Linkedin:  