“Navigating Family Business Exits” was the theme of a luncheon where Platinum’s Steve Coleman was among a panel of three local advisors who told business owner exit stories with their business owner clients. The luncheon was sponsored by the Family Business Center at the University of St. Thomas on September 12.
Steve and his client, Jack MacBean, related what it was like for Jack to take the next step and leave an operational role in his family’s fourth-generation business, a wholesale jewelry manufacturer. Steve helped Jack to initiate a “business owner sabbatical” for exploring the feasibility of his exit, test the readiness of management successors and help see new possibilities of life beyond work.