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...
Three Critical Performance Management Tips for a Smooth Succession
It’s August 21, 2008. The setting is Beijing National Stadium—the 2008 Olympics. Nearly 100,000 people cheer as the U.S. Men’s 4 x 100-meter relay team walk out on to the track. Before long, the gun blasts and the runners take off. Everything starts as it should for...
The Key Ingredients for Succession Success
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...
The Truth about Your Succession Preparation That No One Will Tell You
The Truth about your Succession Preparation ( 2min read) Abraham Lincoln once said, “Give me six hours to chop down a tree, and I will spend the first four hours sharpening the axe.” The wisdom behind those words is simple, yet profound: careful preparation is the...ABOUT US
We help business owners ensure continuity by planning for tomorrow while securing the business for today.
Recent Comments