How to Cope with Succession Anxiety Disorder
Succession is notoriously difficult. I call the angst surrounding the succession process “Succession Anxiety Disorder.” Read more about it!
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Lance Woodbury, a partner at Pinion (formerly K∙Coe Isom), a food and agricultural consulting firm, provides facilitation and mediation services to family-owned enterprises working through communication and conflict, succession and strategic planning, family giving, estate planning and governance.
Learn MoreSuccession is notoriously difficult. I call the angst surrounding the succession process “Succession Anxiety Disorder.” Read more about it!
Family companies rarely stay the same over time. For different reasons, the chances are that somewhere in your future, your business will experience an ending, split or dissolution. Here is how you prepare.
Succession is often narrowly framed as the movement of assets like land and equipment to the next generation. While such planning is important, there is more to it than just the movement of assets. Discuss these nonfinancial...
Dedication is a word with many positive connotations. But can a person be too committed to the family business? Can dedication to a business come at the expense of other important parts of one’s life?