In my last blog, we explored the five pros and cons of passing your business down to family. It’s one of the most emotional and important decisions a business owner can make, and the reality is, while it can be rewarding, it’s rarely simple. Family business transfers are filled with hope, pride, and legacy—but also…
For many business owners, the dream exit isn’t about selling to a competitor or private equity firm—it’s about keeping the company in the family. The thought of watching the next generation carry forward your vision, values, and hard work can be incredibly rewarding. But while family business transfers can feel like the most natural path,…
Building a business isn’t just about generating income—it’s about creating something that runs without you, scales with systems, and becomes a valuable asset for future buyers. In this insightful masterclass, Vincent Mastrovito, CEPA® and founder of Prometis Partners, guides business owners through the mindset and mechanics of transforming a company from owner-reliant to exit-ready. Whether you’re…
Family businesses are the backbone of the global economy. Defined as organizations owned and operated by at least two members of the same family, they represent two-thirds of all companies worldwide and 90% of U.S. businesses. The largest 500 family-owned companies generate $6.5 trillion in annual revenue. Research consistently shows that well-run family businesses outperform their non-family counterparts in…
Across the United States, a massive economic shift is quietly unfolding—one that could either secure or destabilize the future of thousands of communities. At the heart of this shift is a single, urgent question: What happens when baby boomer business owners retire? There are an estimated 3.5 million baby boomer-owned businesses in the U.S., employing…
You’ve heard of the “7-year itch” in relationships. But did you know it happens in business exits too? According to the Exit Planning Institute, 75% of business owners regret selling their business within just one year. That’s not a typo. One year. Why? Because most exits are focused on the transaction—not the transformation. Let’s talk about…
Most business owners treat exit planning like a solo sport. You meet quietly with your CPA. You loop in your attorney. You might even bring in a broker when the time feels right. But the deeper emotional and strategic work? That tends to stay behind closed doors — or worse, locked in your own head….