A Plan for Succession

Change, Generations, Retaining Employees, Strategy, Succession PlanningSeptember 26, 2019Business Succession, Business Succession Plan, how to create a succession plan, how to do succession planning, Plan for Succession, succession, succession plan, what does a succession plan look likeComment

Family Business Matters

Family Business, Generations, Succession PlanningJuly 11, 2018Business Succession Plan, family business, family business succession, Plan for Succession, succession, succession plan, succession planning, working in a family businessComment

The Next Generation of Leaders: Family Business Succession

I was recently asked this question by the owner of a family business with four sons working in the firm: “How do I choose which one will run the business?”Wow! There are so many ways to answer this question. Family business succession can be complicated. My first response was to ask, “Who wants to?” To which the owner did not know the answer. So that is a good place to start; however, there is more running the family business than just who wants to.