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Ownership Transitions

Business ownership transitions are challenging for everyone – and the President-Elect’s family is no exception!  Washington Post reporter Tom Heath asked David Gage, founder of BMC Associates, what advice he would have for the Trumps… and other business owners, especially those passing on ownership to more than one person in the next generation. [OR… especially those that create partners in the next generation.]  With 25 years of experience working with family and non-family business partners, David shared with him lessons and advice, which the Post published in this short article:

Trump is ready to hand over the family empire, it doesn’t always go well.