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.
Check out a few of the Coach’s Best Plays:
Majority of Family Businesses Unprepared for Succession
BY: MICHAEL COHN
This Study claims four out of five family-owned business in the U.S. are not ready for succession. Their recommendation: begin succession planning well before retirement.
How to Succeed With Succession in Families
By William Telford
Interesting findings from the Francis Clark Family Business Survey include:
- 85% of respondents felt participation in the family business should NOT be a “birth right”
- 60% plan to distribute their businss assets equally between all family members
- 75% will consult their accountants regarding succession planning.
5 Tips to Not Let Family Business Ruin Your Marriage
By: Daphne Mallory
Great tips on how to keep your marriage strong under the pressure of family business.