Afraid Your Successor’s Vision Will Kill The Business?
Change is hard, especially when we have no control over it. For family business owners, especially, there’s nothing harder than having to sit by and watch a successor take over and begin to tinker with the company that took you years—even, decades—to build and...
Master Change… or Die as a Business
“If it ain’t broke, don’t fix it.” That may be sound wisdom for kitchen sinks and brake pads, but does it work in business? Sure… if you want your company to peter out. Family-owned or not, companies and businesses that last for generations share one thing in common:...
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...
The Unwilling Successor: (Un)selfish and Guilt-free
As they say, “It takes two to tango.” When it comes to choosing someone to take over the family business, those words are exactly right. In our previous post, we spoke about the importance of owner’s decision. Nothing hurts a transition more than an owner and a...ABOUT US
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