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Home » Succession » Page 4

Family Businesses Succession Planning

Succession planning is a necessity for any long-lasting family business. Handing over the reigns can be difficult, but with a solid strategic approach and subsequent plan, a healthy, happy and profitable succession is attainable.

Dec 16 2015

Why You Need A Family Business Succession Plan

In family business, having a succession plan and transferring your role as family business manager to the next generation isn’t easy and can be a lengthy process. Because of this, it is critical to prepare for succession by having a plan in place well before you need it. If possible, you should make your succession […]

Written by Pete Walsh, MCC · Categorized: Succession · Tagged: Challenges of family business, conflicts in family business, exit planning, exit strategy, family business leader, family business leadership, family business management, family business succession, Managing a family business, succession in family business

Dec 04 2015

Weekend Reads – Family Business Conflict, Advisory Boards, Succession

Family Business Performance

Enjoy this week’s bracket of family business articles. Kensington man jailed for stabbing his dad to death after family business dispute By Amita Joshi-Wlon http://www.getwestlondon.co.uk/news/west-london-news/kensington-man-jailed-stabbing-dad-10414155 This is a stunning example of conflict in Family Business.   10 Reasons Family Businesses Are Not Staying in the Family The Wallstreet Journal By Wayne Rivers http://blogs.wsj.com/experts/2015/11/23/10-reasons-family-businesses-are-not-staying-in-the-family/ This in-depth blog […]

Written by Pete Walsh, MCC · Categorized: Coach Pete's Best Plays, Family Business, Family Business Relationships, Succession · Tagged: family business, family business conflict, family business round up, family business succession, forbes, fundamentals of family business, wallstreet journal

Nov 13 2015

Weekend Reads – All about Succession Planning

Family Business Performance

We recently completed another Fundamentals of Family Business Success program with a family group…it’s so great to see families expand their business tool kit and have some real conversations about the family dynamics that can destroy a good business. As the coach, I provide real-time, live coaching to teach the family how to talk straight […]

Written by Pete Walsh, MCC · Categorized: Coach Pete's Best Plays, Succession · Tagged: family business, family business succession, forbes, succession, wall street journal

Oct 12 2015

Developing Leaders: The New Age of Family Business Management

A substantial number of family-owned businesses do not have a clear plan for succession when the founder is ready to retire. Up to 42 percent of family-owned businesses have not chosen a successor for when the patriarch or matriarch leaves the business.  Often this is because the family leadership perceives the next generation as unready, […]

Written by familybusinesscoach · Categorized: Family Business, Next Gen, Succession · Tagged: business relationships, Challenges of family business, conflict in family business, family business, family business management, family business performance, next gen, succession, succession in family business, succession planning

Sep 25 2015

Weekend Reads – Coach Pete says “Let’s teach your family how to talk straight.”

Family Business Performance

We just completed another Fundamentals of Family Business Success program with a family group this week…it’s so great to see families expand their business tool kit and have some real conversations about the family dynamics that can destroy a good business. As the coach, I provide real time live coaching to teach the family how […]

Written by Pete Walsh, MCC · Categorized: Coach Pete's Best Plays, Family Business, Family Business Relationships, Succession · Tagged: business relationships, Challenges of family business, family business management, family business traps, family relationships in family business, succession

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