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….
One of the most unique qualities of a family business is the way corporate leadership and successors are chosen. Unfortunately, too many family leaders do little more than check to see whether the last name…