Who takes over the reins of your family business when you step down is a critical question for the long-term success of the business. The issue becomes even more complex and sensitive when dealing ...

Not having a plan risks not only having to derive a plan amid a crisis — such as an unplanned disability or death — but also the business' demise.

Only about ⅓ of family businesses have a formalized succession plan, one of the most important tools to ensure successful transition.

The correlation between succession planning for family businesses and successful transfers to the next generation could not be more direct. One third of family-owned businesses have a succession ...

Only about one in three family businesses have a formalized succession plan, one of the most important tools to ensure successful transition.

Family succession planning is too often neglected because business owners underestimate its importance to the family and the business. This session will teach you the keys to effective succession ...

A central concern of family business leaders is assessing the readiness of the next generation to take over the business. This is critical, because research shows that 25% of failed transitions ...

Succession planning for business owners isn’t just for the ultrarich and powerful like the Roy family battling it out on HBO’s “Succession.” Having a plan in place for who’ll take over ...

The financial decision-making table, that is. While the role of women in family financial decision-making, governance and ...

Succession planning in the context of family owned or controlled businesses generally has two overarching concerns; first, who will manage the business, and second, how will ownership and control ...

Crafting a succession plan in a family-owned business ensures its survival and growth and also enhances cohesion and preserves the entrepreneurial spirit across generations. Nearly two-thirds of ...