Preparing the Business for Transition? Prepare Yourself Too
When a business is going through a succession or sale, leaders often neglect to prepare themselves for the change. Learn how this could negatively impact personal and business goals.
Why Outgoing Leaders have a Hard Time Leaving their Company
Why do outgoing leaders have a hard time leaving their company? A number of emotional and practical reasons make it difficult for leaders to leave their companies.
Should You Sell the Business?
How do you sell without hurting the family emotionally and vocationally? What steps will you take to protect relationships with family members as well as their livelihood?
Good Boundaries; Good Family Business Relationships
For some successors and other family members, the relaxed atmosphere of working with family provides welcome space to be themselves. For others, it frustratingly turns work/life balance into a hopeless illusion.
Afraid Your Successor’s Vision Will Kill The Business?
Just imagine a smooth succession transition where the outgoing owner feels confident in the abilities of the successor to make the relevant change with the full support of key employees. Learn how.
Why Family Businesses Fail
With each increasing stage of maturity, the leader's span of control expands. The inability of the leader to properly maintain control of the span of control either directly or indirectly, could lead the family business to fail.
Master Change... or Die as a Business
Owners hold the hey to a business' legacy in their hands. The owner’s commitment to supporting innovation is important for the company’s transition into the next generation of leadership.
Retiring Business Owners: Here's How NOT to Fund Your Retirement
You’ve spent a significant chunk of your life building a business you can be proud of. Why sell the goose that laid the golden egg when you can use it to fund your retirement?
How to Make Family Members Accountable in Business
How much underperformance by a family member in the business is too much? When does “normal” transition pain become a symptom of a much deeper disease? Should it result in firing the family member? How can you know?
How Young Family Members Learn The Business
Younger members of the family could benefit from spending time in the business.
Please... Just Leave! You’re Driving Your Employees Nuts
Outgoing owners must agree with their successors on a well-defined transition plan and timeline for their departure as part of the transition plan.
How to Leave Your Family Problems at Home
“Leave your home problems at home” is sound advice, but it ultimately points to an ideal few of us will ever achieve. With this in mind, every business owner must take intentional steps to practically keep home and office in their respective places.