Tip #57: Kid(s) don’t want to take over the business?

family businessesIt’s not unusual for the children of a business owner to not have any interest in the family business. It can be for many reasons — outdated business, want to move out of town, disagreements with the business philosophy of the parents or just plain not interested. If this is the case, then the business owner must come to grips with this reality and start creating an exit plan to sell the business to a third party for maximum value.