Tag Archives: Family business

Family Business Succession Planning – 5 Keys to a Successful Transition

We’re continuing the topic of family business succession planning today. Once you’ve decided who your successor is, it’s time to start planning. Done well, a family business succession plan can let people know who the new leader will be, bring them into their new responsibilities slowly, and allow you to step back from the business […]

Family Business Succession – Family vs. Employee

When you’re trying to decide who will take over the family business, there are many factors to take into account. Often, you have choices between various family members and employees, and it’s important to make the right choice for your family business succession. Family businesses are very important to the American economy, but transitions are […]