How Does This End? Closure of a Business
“Do not go gentle into that good night, Old age should burn and rave at close of day; Rage, rage against the dying of the light.” Dylan Thomas’s words represent a clarion call to take life by the reigns and ride off victoriously into the sunset. Unfortunately, many a...
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 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...
What You Can Do About Your Successor Decision Right Now
Transferring leadership to the next generation in a family business is never easy. Even when the decision has been made and a successor is finally chosen, a significant challenge remains: how do inform your employees about the role your successor will fill in the...
The Most Important Conversation You and Your Successor Will Ever Have
Grandpa built it. Mom scaled it. Cousin Charlie wrecked it. This progression is all too common in family-owned business. One generation launches the company, the second takes it to new heights, and the third runs it into the ground. Of all the factors that keep 88% of...ABOUT US
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