Family business thought leaders have had much to say about succession planning lately. Despite all the buzz, a study at Kent State University found that 80% of family businesses do not have a succession plan. Some commonly held misconceptions about succession may be a major contributing factor. Misconception #1: If there are no imminent retirements, […]
Family Businesses Succession Planning: How to Move Forward
Family business succession planning is a series of specific steps and timelines that need to be followed to ensure success.
