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Home » succession in family business

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

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 21 2015

Managing A Family Business

Family Business Performance

It’s difficult to combine business and personal issues but a family business patriarch or matriarch is forced to deal with both at the same time. This presents a family business challenge when the family leader is pressured to perform according to the expectations of his family. He can be pressured to make decisions that are […]

Written by Pete Walsh, MCC · Categorized: Family Business, Family Business Relationships · Tagged: family business, family business management, family relationships, separating business and family, succession in family business

Aug 07 2015

Weekend Reads: Coaches Roundup 8-7-15

Family Business Performance

Each week, Coach Pete seeks out strong players in the family business world in order to bring you real stories of real family business professionals to inspire, drive and lead you forward. From the stories of legacy builders to examples of outstanding succession planning, the star players Coach Pete comes across are navigating the game with confidence and wisdom. […]

Written by Pete Walsh, MCC · Categorized: Coach Pete's Best Plays · Tagged: family business, family business and marriage, succession in family business

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