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 […]
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.
Weekend Reads – Family Business Conflict, Advisory Boards, Succession
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 […]
Weekend Reads – All about Succession Planning
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 […]
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, […]
Weekend Reads – Coach Pete says “Let’s teach your family how to talk straight.”
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 […]
