Our guest today is Marvin Storm. Marvin has more than 30 years of experience in multi-location operations management, mergers, acquisitions, and developing and executing business exit strategies. After receiving his BS in Accounting, he spent his early career with a Big Four accounting firm. Since then, he has launched and acquired businesses, worked with executive teams nationwide designing and implementing business growth and exit strategies, is a host for the Business Exit Stories Podcast, and is currently writing a book on the art and science of executing successful business exit strategies.

In this episode of Family Business Today, Marvin will share:

That every business exit is different, as family business entrepreneurs don’t voluntarily exit their businesses often
That for family businesses the hardest decision to make is when to step away
How having an exit timeline already in place while you run your family business can help you optimize your returns
How having a general timeframe changes the daily decisions you make in your family business
That the best time to start thinking about the future is now
And more…

To learn more about Marvin and his podcast, visit his website at https://marvinlstorm.com/.

At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and working together create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com.

If you are considering a transition in your family business contact us today for a FREE Transition Assessment (follow link) and receive a one-on-one review of your business transition preparedness with a family business consultant. (a $299 value)

Until next time, There’s No Business Like Family Business…..We Know!