Maintaining Your Small Business’s Legacy with an Exit Strategy (Small Business Toolbox Series) – In The Field with Goulds Water Technology Solving Water: A Xylem Podcast

Jeff Williams of Vermont-based Spafford & Sons Water Wells, and former president of the National Groundwater Association (NGWA), shares the challenges of identifying an exit strategy. From identifying the right buyer to cultivating an environment conducive to professional growth, he encourages contractors to equip the next generation with proper management and decision-making skills for a seamless transition. Finally, he touches on succession planning, balancing emotions amidst financial decisions and the importance of involving a planner to mitigate family crises.
Part 5 of the Small Business Toolbox, a 5-part series from In The Field with Goulds Water Technology, focusing on helping small business professionals tackle the financial side of their business in the water industry and beyond. Episode recorded live at Groundwater Week 2019 in Las Vegas.
Learn more about the 2020 McEllhiney Lecture Series here: https://www.groundwater.org/lecture/mcellhiney/