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.