by Succession Strength | Jun 12, 2019 | Family Business, Communication, Preparation, Execution
No matter how well received, changes are always tough on a business. A certain amount of lag is to be expected as new joiners to the business get their feet wet. But how much underperformance by a family member in the business is too much? When does “normal”...
by Succession Strength | Apr 10, 2019 | Transition, Family Business, Execution
There comes a point in a business’ legacy when a young family member decides whether or not they want to join. This decision could be made from a more informed point of view if they have actually spent time working in the business....
by Succession Strength | Sep 23, 2018 | Succession, Transition, Family Business, Communication, Preparation, Execution
The Key Ingredients for Family Business Succession Success ( 2min read) “Vision without execution is hallucination.” Thomas A. Edison 85% of family businesses that fail in transition do so because of poor communication and insufficient preparation. That’s why, every...
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