The Benefits of Family Business Executive Succession Planning
There are 5.5 million family-owned businesses in the US. For many of these businesses, succession planning can be difficult. They are unsure of how to promote new
Category: Family Business Succession Planning
The Challenges of Family Business Succession Planning
Many family businesses don’t actually have a succession plan. Look at preparing a family business succession plan to protect your family. If you’d like to learn
Family Business Succession Planning: What Happens When a Founder Dies?
Not enough companies have contingencies in place for when their founder dies. By then, family business succession planning is too late to save the firm.
Family Business Succession: How to Onboard New Directors
Foundations often think of family business succession as a future problem. Many companies frequently add new directors to existing boards, which makes preparation vital. As
6 Tips for Effective Business Communication in the Digital Age
In a study of 400 companies with 100,000 employees, it was found that poor communication lead to an average loss of $62.4 million per company
7 Things You Should Know About a Family Business Consulting Group
Running a family business is a hallmark of the American Dream. Doing this lets you work with your family members to create a shared dream
7 Tips for Running a Family-Owned Business
Running a family business with your loved ones might sound like a dream, but there are unique challenges as well. Nothing feels better than building
What is Family Business Succession
Family businesses are a staple of the American economy. Experts report that family businesses account for over 70 percent of the GDP in most countries, creating
9 Critical Reasons Why Family Businesses Fail to Successfully Transition to the Next Generation
There are many reasons that less than 40% of all family businesses in America successfully transition to the next generation. Of course, many times that
Is Your Family Business Focused on Tomorrow?
Do You Have a Family Business Succession Plan in Place? If you are currently playing an integral role in the American economy, it is very
