Your priorities are largely determined by collective values. Your employees and your community influence the decisions that you make at your business. It means something to you that as one of the flagship businesses in the local economy, your company creates jobs for fellow citizens. You want your business to remain a stakeholder in your community’s economy. It is a question of continuing the promotion of economic development that strengthens the collectivity in which you and your business have roots.
What will the transfer of your business look like?
- You favor a transfer within your family or an employee buy-out (including management buyout and collective employee buyout) because you want to ensure that the business remains in the community.
- You will take into consideration the collective values of your successor because you want to ensure the continuity of the business and make certain its mutually beneficial relationship with the community remains intact.