I was recently having a conversation with Jim Gitney, the CEO of Group50 Consulting and he was talking about the Inflection Point of one of his clients. The company is a 2^nd generation manufacturer, who is in a significant growth mode. Mom and Dad still own a majority of the company, with 2 of their 3 children running the day-to-day activities. This company has hit an inflection point with its growth plans though. Their systems, people and processes are strained (more…)

One of Group50’s specialties is helping business owners and professionals create an exit strategy.  As we talk with business owners, we remind them that there are two strategies that need to be developed for a successful exit or transition

1. Your personal exit strategy
2. A business strategy that supports it

All business owners and professionals like yourself recognize that there is another life after they exit and what that looks like needs to be considered carefully.   All of us plan on retiring, but what does retirement mean in today’s world?  The answer to that question will (more…)