Marine Fabricator January/February 2020 - 53

It is also important that each person
report regularly on his or her area of
responsibility. This can be as simple as scheduling a meeting once a
week, with one person moderating,
and then allowing each person a
chance to give a progress report.
The truth is that all businesses will
change hands at some point; either you
will pass yours on to family or employees,
sell it, or close the doors. Creating specific
answers to the questions above will help
you decide, objectively, which option
is best for you and your business.

ALL NOT IN THE FAMILY
According to a Pricewaterhouse Coopers 2016
survey of family businesses, just half of the family
firms surveyed said that successors to key roles
will be family members. Of those expecting to
change ownership in the next five years, only
52% of them plan to keep the ventures in the
family, down from 74% in its 2014 survey and
the lowest number since 2010. Of the family
businesses expecting to change ownership
more than five years in the future, just 69% plan
to keep the companies in the family, compared
with 79% in the 2014 survey.

Larry Oxenham is a senior adviser for the
American Society for Asset Protection. He has
spoken at both IFAI Expo and the Marine
Fabricators Conference on the topic of

For more information, visit:

succession planning and effective strategies

www.marinefabricatormag.com

for protecting and perpetuating business.

Search "succession planning"

Marketplace
For sale
MARINE CUSTOM CANVAS
BUSINESS FOR SALE
Year-round turnkey business on Michigan's west
coast, located on site of a waterfront marina.
We are a 25-yr-old quality canvas fabrication
shop for both power and sail. Great opportunity
for experienced fabricator wanting to branch
out on their own. May consider training the
right individual(s). Includes all equipment,
inventory, customer base, and reputable
business name. Wonderful opportunity to enjoy
the high quality, low key, fresh water Great
Lakes lifestyle.

Find
your
VISIT
USsolution
AT BOOTH 203

Marine Fabricators Conference 2018
Autometrix.com/find-my-solution

Navigate
complex
patterns with
Autometrix
software and cutting solutions

Superior Patterns

Effortless Cutting

World Class Solutions

No matter how you measure your
patterns, we have software and cutting
solutions that help you sail through
your design and production challenges.

PatternSmith:
Combines custom pattern drafting,
editing, nesting and machine control
into one integrated package.

CadShot Mobile:
A new way to digitize your existing
patterns, with a click of your mobile
phone or tablet. No more hand
digitizing!

(Serious inquiries only)
Inquire to carmean6@aol.com

For more information on
classified advertising:
Michelle Cook
+1 651 225 6957
mlcook@ifai.com

Ask for a demo: sales@autometrix.com | autometrix.com | 866-477-5065
www.marinefabricatormag.com | 53


http://www.marinefabricatormag.com http://www.Autometrix.com/find-my-solution http://www.autometrix.com http://www.marinefabricatormag.com

Marine Fabricator January/February 2020

Table of Contents for the Digital Edition of Marine Fabricator January/February 2020

Marine Fabricator January/February 2020 - Cover1
Marine Fabricator January/February 2020 - Cover2
Marine Fabricator January/February 2020 - 1
Marine Fabricator January/February 2020 - 2
Marine Fabricator January/February 2020 - 3
Marine Fabricator January/February 2020 - 4
Marine Fabricator January/February 2020 - 5
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Marine Fabricator January/February 2020 - Cover3
Marine Fabricator January/February 2020 - Cover4
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