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This week, we explore the insightful world of Chapter 19 - "Consolidate Ownership." Join us as we delve into the intricacies of streamlining ownership and its profound impact on your business's transition and success.

Tom shares a compelling personal anecdote that vividly illustrates the potential pitfalls of having too many owners within a company. What may start with just a couple of owners can quickly snowball into dozens or even more, as firms break up or shares are divided among multiple family members upon a shareholder's passing.

This chapter highlights the significant challenges that can arise from a fragmented ownership structure. Minority owners, although they may have rights, can slow down transition processes significantly with litigious actions. It's a critical lesson in ensuring that your ownership structure aligns with your long-term business goals.

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CONNECT WITH TOM
Facebook: https://www.facebook.com/masterypartners
LinkedIn: https://www.linkedin.com/in/tom-bronson/
Website: https://www.masterypartners.com/

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Tom Bronson is the founder and President of Mastery Partners, a company that helps business owners maximize business value, design exit strategy, and transition their business on their terms. Mastery utilizes proven techniques and strategies that dramatically improve business value that was developed during Tom\\u2019s career 100 business transactions as either a business buyer or seller. As a business owner himself, Tom has been in your situation hundreds of times, and he knows what it takes to create and implement the right strategy. Tom is passionate about helping business owners and has the experience to do it.

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