First Advisor

Jeanne Enders

Date of Award

Summer 2021

Document Type


Degree Name

Bachelor of Science (B.S.) in Business Administration: Management and Leadership and University Honors


Business Administration




small business, family business, selling a business


Small family businesses owners face the issue of deciding what becomes of both themselves and their business as they near retirement, no longer feel passionate about the business they run, and would no longer like to be in the position of running a business. In the context of a small family business, there are factors of splitting revenue, passing the business onto other relatives, and other considerations. Businesses have value and determining that value is a necessary part of deciding whether or not to move on from one. Through preparation, situational analysis, decision models, and evaluation, a business's future can be determined. Through personal interviews, journals, articles, and business literature, this information has been put together for a small business owner to use as a tool in deciding their futures.


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