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 | Mar 3, 2019 | Family Business, Communication
This article first appeared in Forbes. “Leave your work problems at work and your home problems at home.” We’ve all heard this counsel at one point or another in our professional careers. On the face of it, this advice makes a great deal of sense. Of course, we...
by Succession Strength | Feb 20, 2019 | Transition, Family Business, Communication, Preparation
Transition is never easy on a family business. Communication patterns get disrupted, reporting relationships shift, and the entire company struggles to find a new status quo. Of all the people involved, no one struggles quite as much as the leader’s successor. Not...
by Succession Strength | Feb 13, 2019 | Transition, Family Business, Communication, Preparation
Family business succession is never simple; there could be a lot to account for when transitioning from one generation to the next. That process gets even more complicated when there are multiple successors set to take over leadership of the company. There can be many...
by Succession Strength | Feb 6, 2019 | Uncategorized, Succession, Family Business, Communication
Retirement is on the horizon, and you know its time to lock down a successor to manage your family business. Wisely, you’ve spent the past few months looking hard at the family members working in the business and deciding what you need in the person who’ll take over....
by Succession Strength | Jan 23, 2019 | Succession, Family Business, Communication, Preparation
This article first appeared in Forbes. As last year came to a close, you made one list and checked it twice. With January 1 on the horizon, you made another list. A list of resolutions. For the long term stability of your business, succession planning needs to be on...
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