Who will take the reins when you leave? One of your greatest legacies is a well-thought-out plan that helps put in place the leadership that your company needs to continue for years to come.
News and Articles About Succession Planning
Happy employees and great prices lead to devoted customers, or so the theory goes. A New England supermarket chain may sacrifice all this in a battle of cousins.
Use the leadership change as a catalyst for a shift in the business model to keep up with trends.
Running a family business can unite members of a family but it can also tear them apart. Here are some tips keeping the peace, both at home and at the office.
This entrepreneur isn't interested in selling his startup. His exit strategy is to simply give the business away.
What the world of butlers, footmen and lady's maids can teach you about management.
You don't want your family to fight after you're gone, and you don't want the IRS to claim more than is necessary during the transition. Here are a few basics rules of thumb for creating a succession plan.
How to survive and rebuild while dealing with grief and loss.
How to get beyond brainstorming, beat procrastination and find more permanent customers: our best tips of the week.
What you need to do now to ensure leadership continuity in your business.
Attorney Nina Kaufman explains how an exit strategy can be useful if unexpected situations arise.
Small business experts, Adam and Matthew Toren answer readers' top questions about entrepreneurship.
Seventy-five percent of small-business owners have no real succession plan -- a potential recipe for disaster. This entrepreneur's accidental fate tells a cautionary tale.
Passing a franchise from one generation to the next can be fraught with complexities. A smart succession plan will ease the transition.
How to make sure your business can thrive without you, and five steps to get there.
If you're thinking about leaving your business behind, some careful planning up front can make it a smooth transition that ensures your company thrives after you're gone.
Check your emotions at the door before turning your company over to the next generation.
If you haven't thought about what will happen to your business if you're no longer able to run it, these tips will get you thinking about the best plan to put in place.
When it's time to think about retiring from your business, these tips will help you find the best person to take over your job.
Will your kids take over the family business someday? Prepare today to ensure a successful transition tomorrow.
How to decide which child will take the reins
Are you gifting stock to the younger generation for the right reasons?
Hand your kids a key to the business too early, and you could unlock the wrong attitude.
In order to roll with the times, family business leaders must rely on people other than themselves-their successors.
Nonfamily mentors may be the best way to prepare the next generation.
Before focusing on succession, develop a strategic plan for growing the company.