Jul 22, 2024 | Small Business, Successor
In this article, we’ll take you through not only why you need a plan for what happens if you’re no longer involved in your business on a daily basis, but also how to make the tough but right decisions for your business, and what to do to formalize your plans. The...
Apr 22, 2024 | Small Business, Successor
During this pivotal decision-making process, it’s essential to sidestep these three common pitfalls that often hinder business owners when naming successors, as they can blur objectivity and impede the chosen candidate’s ability to effectively assume...
Apr 1, 2024 | Family, Small Business, Successor
Succession planning isn’t just about securing your business’s future—it’s about protecting everything you’ve worked so hard to build. It ensures a smooth transition of leadership, maintains stability for your employees, and preserves your...
Aug 28, 2023 | Small Business, Successor
While you can’t control how your children feel about your business, there are effective ways to inspire them and help them see the value of being a business owner and carrying on a family legacy. With these strategies, you can empower them to become the next leaders...
Jun 5, 2023 | Small Business, Successor
Whether you exit your business with a sale, your incapacity, or as a result of your death, there will come a time when it’s time to go. To ensure your company continues to prosper, here are three tips for developing a sound business succession plan. 1. Begin with the...
Feb 20, 2023 | Growth, Small Business, Successor
Be careful to avoid these three common mistakes business owners often make when naming successors. Such missteps can cloud your objectivity and diminish your chosen candidate’s ability to effectively take control of your company. 1. Attempting To Clone Yourself When...
