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 […]
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 […]
Weekend Reads – Retreats – Culture Killers – Aging
Enjoy this week’s round up of family business articles. Why Company Retreats are Valuable Posted by Donna Parisi http://goo.gl/wIf5N5 New York based, Likeable Local, embark on a successful company retreat and share their tips to making your retreat a grand slam. Five family business cultural killers. By: TONY KAYE http://goo.gl/K2H5IR This article elaborates on five key […]
Why Are Family Businesses Ignoring Succession Planning?
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, […]
