Too Many Cooks Complicate Succession
Transitions become uncomfortable as generations juggle roles. Here are issues to consider as seniors relinquish business control.
Articles
No Heirs. No Desire. Now What?
April 18, 2014 in Succession and Estate Planning
Imagine this situation: You inherited some land, added some of your own and, over the last 30 years, have built a significant cant farming business. Now you are starting the generational transition...
Keep Family Legends Alive
April 18, 2014 in Conflict Resolution and Communication in Family Business
A ritual of remembering and sharing transfers family business values.
Teaching Kids To Respect Wealth
March 18, 2014 in Management Issues in Family Business
How do we teach responsibility and respect for wealth to the next generation?
Identify Your Principles
March 18, 2014 in Succession and Estate Planning
Here are six succession questions everyone should ask.
Who Owns Your Succession Plan?
February 18, 2014 in Succession and Estate Planning
Making a succession plan a team project can increase odds of success.
The Planning is Never Done
February 18, 2014 in Succession and Estate Planning
Changes in your life and business require you to constantly review your estate and succession plans.
Turn Retirement into ReHIREment
January 18, 2014 in Succession and Estate Planning
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 in Succession and Estate Planning
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.
Why The Soft Issues Are Hard - Part 2
December 18, 2013 in Conflict Resolution and Communication in Family Business
Bringing a family member back into the business, especially if a spouse is also coming into the organization, can be an eye-opening experience, often introducing families to both significant joy and...
