The Business of Transition: Preparing for Ownership Change

In this episode of the DuPage Business Beat Podcast, Greg Bedalov sits down with Phil Salerno, Partner at Clingen Callow & McLean, to discuss one of the most important and often overlooked aspects of business ownership: planning for transition.

From succession planning and family business transfers to private equity acquisitions and business sales, Phil shares insights into how owners can prepare for the future while protecting the value they've worked years to build. The conversation explores common mistakes business owners make, the importance of assembling the right advisory team, how AI is changing professional services, and why exit planning should begin long before a business owner is ready to step away.

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