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Home » succession planning

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 23 2015

The Succession Planning Process in the Family Business

The Succession Planning Process in the Family Business

One of the leading family business challenges is the demand for leadership talent greatly exceeds supply. The “obvious” next in line to lead the family business may not be the best choice. In addition patriarchs often stay in their leadership positions well into their 70’s while the younger generation is trending toward earlier retirement. This […]

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

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

Mar 26 2015

5 Vital Succession Planning Tips for Family-Owned Businesses

It’s a shocking statistic, but one that any family-owned business should be aware of: less than half of all family-owned businesses survive into a second generation. And a major reason for this is failure of family-owned businesses to understand the importance of succession planning. The truth is, no matter where your business stands at this […]

Written by familybusinesscoach · Categorized: Family Business · Tagged: family business advice, family business information, succession planning

Feb 12 2015

5 Strategies of Successful Emerging Leaders

Today’s family business leaders have many things to be concerned about, from the way that their consumers are changing their buying habits, to the way that technology is permeating every aspect of the business. One age-old concern, however, is the method and transitional strategy behind the business’ emerging leadership. Are the new leader’s strategies going […]

Written by familybusinesscoach · Categorized: Family Business · Tagged: family business leaders, family leadership, family leadership tips, leadership training, new family business leaders, successful emerging leaders, succession planning

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