Date of Award
Bachelor of Science (B.S.) in Business: Management and Leadership and University Honors
Family-owned business enterprises -- Valuation, Family-owned business enterprises -- Succession -- Decision making, Sale of small businesses -- Decision making, Sale of business enterprises -- Decision making
Small family business 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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Harlow, Gabriel, "How to Decide Whether and How to Sell a Small Family Business" (2021). University Honors Theses. Paper 1145.