Who Owns Your Succession Plan?
Making a succession plan a team project can increase odds of success.
Succession and Estate Planning
The Planning is Never Done
February 18, 2014
Changes in your life and business require you to constantly review your estate and succession plans.
Turn Retirement into ReHIREment
January 18, 2014
The exit of the senior generation, in particular, is a "soft," complex process or dance, fraught with multiple obstacles.
No One To Farm
January 18, 2014
Don't assume your children will want to take over the family business. You have to educate and engage them early to gauge their interest.
A New Affliction: Post-Traumatic Gift Disorder
March 18, 2013
Giving children an early inheritance can lead to post-traumatic gift disorder (PTGD).
A New Affliction
January 18, 2013
Giving children an early inheritance can lead to post-traumatic gift disorder (PTGD).
Senior Partners Exit Strategy
March 18, 2012
At 52, youthful Jeff Topp and wife Jan prepare for a surprising second act: Instead of the hectic daily duties managing the family's grain elevator, 19,000 acres, seven crops and commercial and...
How to Groom Replacements
February 18, 2011
Power shifting in any business is often uncomfortable. Is the older generation ready to hand over some power and is the younger generation prepared to assume responsibility?
Lay the Groundwork for Succession
December 18, 2010
Family business consultants often suggest that families in business adopt a policy encouraging farm kids to go to college or technical school, and then work somewhere else for a few years before...