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 29, 2019 | Succession, Transition, Communication, Preparation
Transitioning the business from one generation to the next can be an awkward and confusing time for everyone involved. As the next generation takes over, successors and employees alike find themselves struggling to feel their way to a new sense of equilibrium in the...
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 | 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...
by Succession Strength | Dec 19, 2018 | Succession, Transition, Family Business, Communication, Preparation
You’ve sorted through the ranks and found the perfect person to take over the family business . Unfortunately, they’re not so convinced. You’ve done everything you could—sweet talk, flattery, and so on—but they’re not budging. They simply do not want to own or manage...
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