How to prepare for a successful transition

May. 02, 2021

After a year of dealing with the coronavirus (COVID-19) pandemic, some equipment and event rental store owners might see an opportunity to retire or divest of their interest. For others, now might be viewed as an opportune time to buy an existing company or start a new business.

No matter what, industry experts say the process is not something you want to do on the spur of the moment, but one where it is critical to strategically plan and do the necessary research before making a move.

Find resources and advice to help you successfully transition your business including details on exit strategies, family succession plans and working with an equity investor in the May issue of Rental Management magazine.

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