Zehnder said the family hired Christopher Eckrich, a senior adviser from The Family Business Consulting Group in Fort Wayne, Ind., in 2021 to assist the company with ongoing succession planning.

While succession planning can bring about strong emotions about the leading-gen’s ability to guide a family business into the future and the next gen’s readiness to assume leadership positions ...

A man explaining the succession plan for his family business to his son. SmartAsset Team . Mon, Oct 9, 2023, 9:41 AM 5 min read.

This downloadable template for Family Business Succession Planning can provide a first look at starting your own planning process.. Start by joining a Conway Center peer group ...

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 ...

A well-run family enterprise is grounded by a solid governance structure, which guides the business, the family and ownership on many important matters, including generational succession.

Put off business succession planning. Assume that family members are qualified. Assume that family members are not qualified. Disregard the value of an advisory board. Overlook planning due to lack of ...

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 ...

In succession planning for a family-owned business, Alberto del Pilar, managing director at ButcherJoseph & Co., said a corporate strategic plan is needed to survive the market and compete ...