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Home » family business succession

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

Sep 11 2015

Weekend Reads – Retreats – Culture Killers – Aging

Family Business Performance

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 […]

Written by Pete Walsh, MCC · Categorized: Coach Pete's Best Plays · Tagged: best family business articles, company retreats, family business relationships, family business succession, succession

Sep 08 2015

Why Are Family Businesses Ignoring Succession Planning?

Family Business Performance

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, […]

Written by Pete Walsh, MCC · Categorized: Succession · Tagged: family business, family business planning, family business succession, succession, succession planning

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