“If you’re going to start a business, know how you’re going to get out of that business. Whether it’s 5 years, 10 years, 20 years – what’s your endgame? What do you want to get from this business before you get out of this business? And how do you see the possibility of getting out of it?”

In this episode, Tom Hine speaks with Teresa Benning, the owner of Benning Small Business Advisors in Salem, Massachusetts, who also went through Tom’s acquisition process. They discuss the importance of having a clear plan, her surprise at how comfortable she was with the process after her initial anxiety, and the importance of knowing what you want to get out of your business and when you want to leave.

Benning Small Business Advisors: https://benningsmallbusinessadvisors.com/

Connect with Tom: https://www.linkedin.com/in/hinetom/

Feedback: https://www.capitalwm.com/successionfit-podcast

Securities and advisory services offered through Commonwealth Financial Network, Member FINRA/SIPC, a Registered Investment Adviser. Fixed insurance products and services offered through Capital Wealth Management, LLC or CES Insurance Agency.