February 18, 2020
When Succession Means Splitting Up
In the course of planning for the future of the family business, there are sometimes reasons to consider splitting up.
In the course of planning for the future of the family business, there are sometimes reasons to consider splitting up.
Here are three resolutions for a smoother family business transition.
Focus on these three lessons to ease the transition.
I’m fond of saying that good succession planning doesn’t lend itself to one-size-fits-all solutions. Every family may face similar issues, such as retirement, land transitions, off-farm heirs, returning family members, growth opportunities or even spousal conflict. Yet each family’s history, relationships, culture, business strategy, expectations, personalities, and assumptions combine to form a unique, dynamic and […]
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