When the Business’ Successor Cup Runneth Over
Too much of a good thing… Whether we’ve had one ice-cream scoop too many, or we’ve spent a little too much time in the sun, we all know the meaning of those words. While many owners approach succession as the proverbial search for a ‘needle in a hay stack,’ we often...
How to Bring in an External Successor Without Offending Family
You’re a family business owner operator with retirement on your mind, but there’s a problem. There is not viable successor in sight. You’ve combed the ranks and imagined each of your key stakeholders as a potential successor, but no one fits the bill. You’ve racked...
Owner’s Dilemma: Can you fire family?
You’ve sorted through the field of potential successors and have made a final decision. Good for you. Your successor is thrilled, but what about the other candidates? Of course, several of them will either remain in their current positions or transition to other roles...
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...
Are You and Your Successor on the Same Page?
We’ve all seen something like this play out on TV: Parent succeeds in life (builds a business, wins notoriety, etc.). Parent wants the same for Child. Child doesn’t want Parent’s life. Tension builds. Conflict ensues. Resolution occurs. Credits roll. We’re sorry to...ABOUT US
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