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May 5, 2025
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Business Succession and Transition

Business transitions: New owners seek to honor legacies while eyeing the future

Laurie Schreiber

Business transitions range from generational succession to local investors to buyers looking to change careers. A theme? How to maintain legacy brands while revamping with new ideas and growth potential.

Today's Poll

How much of a concern for your business is crime?
Poll Description

Whether you do business in a city or a smaller community, crime is fact of daily life — and a cost.

Drug-related crime, vandalism and break-ins can affect businesses, as reported in a recent Mainebiz story that cited businesses' concerns about crime in downtown Portland. 

But so can less visible threats like cybercrime and identify theft. Reports from the consulting firm Deloitte show that online criminals have a range of techniques, including AI-powered phishing schemes, enhanced malware and blockchain-based criminal activities. 

More Information