Owners: When You Need to Reject a Successor
Here’s a scenario we see all the time: Uncle Steve chooses nephew Mark to take over the company in a few years. As the former grooms the latter, he comes to a new conclusion: Mark is not cut out for the job. At this point, Steve has a precarious road to walk. He knows...
When Owner and Successor Come From Different Worlds
Meet Tom. Tom graduated with his M.B.A. 10 years ago. Since then, he’s been hard at work managing operations for his family’s construction business. Meet Helen. Helen is Tom’s mother. An architect by training, she inherited her father’s company when he passed away...
Don’t Treat Your Successor Like a Clone
There are few greater challenges for a family business owner than choosing his or her successor. Owners bend over backwards to ensure their pick knows the company well, embodies its vision, and has the skill to shepherd it into the next generation. When an owner finds...ABOUT US
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