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Archive for Category: Business Succession

The Odds Are Stacked Against Your Family Business

You have a vision for your family business that goes beyond your immediate interaction with it. You want to leave it to your children. You

Different Family Businesses Need Difference Succession Plans

The family-owned business is often thought of as an American staple, the thing that forms the backbone of the economy. That said, there are many

Few Family Businesses Make It to the 4th Generation

For most people who start a family business, the dream is to have it stay in the family for generations to come. The founder may

Remember, Your Family Doesn’t Have to Get Your Business

Does your child essentially think that your business has to go to them when you’re done running it? Are they not just waiting in line

Things to Consider When Selling the Business to a Child

One way to transfer your family business to one of your children is simply to sell the company to them before you pass away. They

Kids Often Feel Pressure to Take Over the Family Business

Business succession planning gets complicated. If you leave a company to your children, are you making their career choices for them? What if they wanted

It Take Times to Get the Kids Ready to Take Over Your Company

Do you own your own company, and are you trying to figure out how to pass it on to the children when you pass away?

Does Birth Order Matter in Business Succession?

Business succession planning gets complicated when you have multiple children. Who wants to be involved? Who deserves it? What is best for your company? What

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