Measuring the Effectiveness of Your Succession Plan
With business landscapes changing more rapidly than ever before, planning ahead is not simply a good idea—it’s vital. One of the best ways to prepare
Category: Continuity Planning
When is the Right Time to Seek Family Business Consulting
Many companies will only hire family business consulting as a last resort. Other firms rely on frequent suggestions from these experts before making any decisions.
6 Tips for Effective Family Business Strategic Management
Running a family business comes with a special set of challenges. The term “family-owned business” tends to conjure an image of a small-scale, locally run
Family Business Health: Tips for Avoiding Toxic Teams
Most owners will fail to stop and reassess their family business health. They believe that all of their teams will fight and expect nothing less.
How to Transfer Family Business Stock to New Leaders
When discussing family business stock, you might not be aware of all of your options. Some situations can even prevent transfers from happening, especially following
How Conflict in the Family Business Can Help it Improve
Many companies spend a lot of effort avoiding conflict in the family business. Which brings us to the question, should you allow these disagreements to
Why Family Business Owners Need to Feel an Emotional Connection to Succeed
It can feel shocking when some family business owners decide to step down. Other directors may not understand that they don’t have an emotional connection
Family Business Transitions: Who Should Lead, and Who Should Leave?
When a family business transitions to the next generation, challenges can arise everywhere. Most notably is when you’re choosing who continues to lead and who
Where Should You Start and End With Continuity Planning?
One of the most frequent business mistakes is ignoring the need for continuity planning. How can any successful firm establish a long-lasting legacy without designing
Family Business Risk: What to Factor in with Decision Making
Every company balances the pros and cons of making educated choices. However, with a family business, risk can cause you to gamble away more than
