Lots of things come in threes. In spiritual life, there is the Holy Trinity. Successful sports teams boast of pursuing a “three-peat.” The triangle is an object of almost mystical solidity and permanence. I want…
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You probably understand the importance of identifying, training and preparing the next generation to run the business. But what if a successor isn’t an option? What if it makes more sense to sell the business?
Few businesses can operate successfully without someone sitting in the CEO’s chair, and yet it is not uncommon for a family enterprise to find itself unexpectedly without a chief executive. The office may become suddenly vacant…
Succession planning is not as simple as handing the company to the next child in line. To insure that the family business successfully continues past the first generation it requires careful planning and intentional planning….