Supporting Generational Transitions
Business transitions between generations can be challenging. The senior and younger generations bring different strengths to the table, and while these strengths can be complementary, they are also...
Succession and Estate Planning
Overcome Succession Plan Hesitation
August 10, 2025
You are never really "done" with succession planning. Births, deaths, marriages, divorces, family conflict, changes in business strategy, acres lost or gained, and economic or natural disasters can...
Set Up the Next Generation for Success
February 10, 2025
The transition from one generation to the next isn’t always easy. The shift often happens while the business is growing, while younger family members are learning and while older family members are...
How to Cope with Succession Anxiety Disorder
December 10, 2024
Succession is notoriously difficult. I call the angst surrounding the succession process “Succession Anxiety Disorder.” Read more about it!
Your Pre-Succession Checklist
October 10, 2024
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....
Create your Present and Future Legacy
August 10, 2024
The word “legacy” is primarily used to describe something created in the past that is intended for future generations. But there are also things you can create today that are equally powerful in...
The ABCs of Business Ownership
April 10, 2024
Attitude, Behavior, and Capital are key components of family business ownership.
Manage Your Succession "Workquake"
December 10, 2023
"We don’t have any hobbies; all we’ve ever done is work!” Many readers have heard that phrase—and might have even said it—on more than one occasion. Here's what it means for your succession plan.
Leaving Your True Legacy
September 10, 2023
Of the many things you intend to give the next generation, perhaps nothing has as much potential permanence as the principles and philosophies you leave behind.
Five Priceless Gifts in the Family Business
May 4, 2023
In family-farm and ranch transitions, valuable gifts are an integral part of estate-planning strategies. But another set of gifts have a high value but a comparatively low cost: gifts rooted in...