Manufacturing business owners - questions about succession planning

jbrenner said:

Hey guys. I’m Jules, I’m a former mechanical engineer. After meeting a variety of owners of manufacturing business, I noticed that a lot of their kids don’t want to operate their family’s manufacturing operations and instead want to be doctors, lawyers, or software developers. Many of the owners I talked to feel that their only option for a fair succession is to find a broker to sell their business to a large corporation or competitor.

I was wondering if you could offer any insight into what you all would want out of a succession plan? I know succession planning can be a private issue so feel free to reach out to me at spammersSuccession.com to talk a bit more about it privately.

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jbrenner said:

Hey guys. I’m Jules, I’m a former mechanical engineer. After meeting a variety of owners of manufacturing business, I noticed that a lot of their kids don’t want to operate their family’s manufacturing operations and instead want to be doctors, lawyers, or software developers. Many of the owners I talked to feel that their only option for a fair succession is to find a broker to sell their business to a large corporation or competitor.

I was wondering if you could offer any insight into what you all would want out of a succession plan? I know succession planning can be a private issue so feel free to reach out to me at ManufacturingSuccession.com to talk a bit more about it privately.

Click to expand...