Tag: succession planning

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Family HVAC Businesses: Should I Keep or Sell?

September 7, 2024 84

The only permanence is impermanence. The only constant is change. There comes a point in the life cycle of every family business when this most important decision must be made: should I keep or sell? This is certainly not an easy decision for...

Navigating the M&A Process: A Guide for HVAC Business Owners

August 23, 2024 81

There are several reasons a business owner might decide to sell: To Cash Out: Private business owners often have a significant portion of their wealth tied up in the business. A sale – either partial or full – is a way to create liquidity and...

Johnson Controls Announces Initiation of CEO Succession

August 1, 2024 78

Johnson Controls (JCI) has announced that George R. Oliver has informed the Board of Directors that it is time to initiate the CEO succession plan following the company’s substantial progress on its portfolio transformation, according to a...

6 Key Questions to Ask Yourself When Succession Planning

July 26, 2024 90

Many business owners are blinded by the illusion that, “If my business is successful now, it always will be.” When business owners allow this illusion to cloud their judgment they are only hurting themselves in the long run. Although your...