Business Transition Planning
running-a-business | Read Time: 8 minutes
By John Churchill | Published: November 2020
Have you created a transition plan for your business? Planning for the next generation or for a potential sale can lead to a better outcome. It is important to understand the steps involved in creating a comprehensive transition plan and why starting sooner rather than later can lead to the best results for your future and that of your business.
About the Presenter – John Churchill
John Churchill is WSFS Bank’s Business Strategist. He leads WSFS’ efforts with business owner clients who are considering an ownership transition. John’s goal is to help WSFS’ clients plan for the future of their businesses with an understanding of how that future will influence their personal financial wellbeing, as well as the financial wellbeing of their families. John is well-versed in the commercial risks facing businesses across industries; the variability of competence and willingness of family members to take over the responsibility of running the business; the need to balance financial and non-financial factors in decision making; and a business owner’s desire to divide his or her legacy fairly.
John is strongly positioned to help business owners succeed through his experiences and accomplishments working at a life-sciences regulatory consulting firm, a New York based family office sponsored venture capital firm, a multi-family office and investment advisor located in greater Philadelphia, and through his government service as the Director of Economic Affairs for the Consulate General of Israel to the Mid-Atlantic Region. John is a graduate of Georgetown University where, as an undergraduate, he worked in Georgetown President, John J. DeGioia’s, Policy Department. He also holds a master’s degree in Elections and Campaign Management from Fordham University.
This communication is provided by WSFS Financial Corporation for informational purposes only. Investing involves the risk of loss and investors should be prepared to bear potential losses. Past performance may not be indicative of future results and may have been impacted by events and economic conditions that will not prevail in the future.
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