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.
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.