Dec 3, 2019
In this episode, Domenic, Wendi Ewalt, and Leslie Chanel discuss:
- The early days of building Wenesco from the ground up.
- What happened to the company without a succession plan in place.
- Enacting changes within the company during transition periods.
- Advice for families of business owners without a succession plan.
Key Takeaways:
- It’s so critical to have a succession plan and to build that early on with your advisors.
- Having a succession plan can help prevent the stress on your family of having to run, operate, and possibly sell the business.
- Have an operations manual in place.
- Put a succession plan, well in advance. Life is unpredictable.
"Get everything, the processes, in writing, as much as you can. At least then you have a guideline to follow." — Wendi Ewalt
About Wendi Ewalt: Former president of Wenesco upon the death of Brian Lowenthal. Interested in travel, flea marketing, vintage finds.
Connect with Wenesco:
Twitter: @WenescoInc
Facebook: Wenesco, Inc.
Website: Wenesco.com
YouTube: Wenesco Inc
Connect with Domenic Rinaldi:
Sun Acquisitions Website: www.sunacquisitions.com
M&A Unplugged Website: www.maunplugged.com
Email: marketing@sunacquisitions.com
Linkedin:
Domenic Rinaldi: https://www.linkedin.com/in/domenicrinaldi/
Sun Acquisitions: https://www.linkedin.com/company/sun-acquisitions-llc/
Facebook:
Sun Acquisitions: https://www.facebook.com/sunacquisitions/
M&A Unplugged: https://www.facebook.com/MAUnplugged/
Twitter:
@SunAcquisitions https://twitter.com/SunAcquisitions
@M_A_Unplugged https://twitter.com/M_A_Unplugged
Instagram:
@sunacquisitions https://www.instagram.com/sunacquisitions/
@ma_unplugged_podcast https://www.instagram.com/ma_unplugged_podcast/
YouTube:
Sun Acquisitions: https://www.youtube.com/channel/UCm6H7kkMD6nnXFuHgqx9Ikg
Show notes by Podcastologist: Chelsea Taylor-Sturkie
Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.