Defined exit plan eases transition at $34 million business

Exiting a business after decades building it up requires lots of planning, an entrepreneur recently learned.

  • By Jay Schlichter
  • | 6:00 a.m. December 6, 2019
  • | 0 Free Articles Remaining!
JimJett.com. Olga Placeres, left, recently took over the ownership of Preferred Travel of Naples from the agency's founder, Wilma Boyd, right. Photo by Jim Jett.
JimJett.com. Olga Placeres, left, recently took over the ownership of Preferred Travel of Naples from the agency's founder, Wilma Boyd, right. Photo by Jim Jett.
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After leading a travel agency for 35 years, Wilma Boyd felt it was time to step back and do a little traveling of her own.

The founder of Preferred Travel of Naples decided to retire about two months ago. She sold the company’s assets to Olga Placeres — whom Boyd had mentored and groomed to eventually take over for her.

 

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