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Succession planning

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Succession planning

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

7 Lessons in Harmony for Family Startups
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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.
April 3, 2014 in Grow Your Business
U.K. Dad Decides to Give Away His Startup

U.K. Dad Decides to Give Away His Startup

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This entrepreneur isn't interested in selling his startup. His exit strategy is to simply give the business away.
March 25, 2014 in Leadership
Downton Abbey: Lord Grantham's 5 Worst Management Mistakes

Downton Abbey: Lord Grantham's 5 Worst Management Mistakes

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What the world of butlers, footmen and lady's maids can teach you about management.
January 17, 2014 in Business Management

Why You Should Start Preparing Your Ultimate Exit Strategy Now

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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.
September 30, 2013 in Management & Operations
Six Tips to Keep Your Business Going After Losing Your Partner

Six Tips to Keep Your Business Going After Losing Your Partner

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How to survive and rebuild while dealing with grief and loss.
January 24, 2013 in Business Management
Acting on Ideas and Other Tips This Week

Acting on Ideas and Other Tips This Week

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How to get beyond brainstorming, beat procrastination and find more permanent customers: our best tips of the week.
December 7, 2012 in Productivity
Your Business Without You: 4 Steps to Finding Your Successor

Your Business Without You: 4 Steps to Finding Your Successor

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What you need to do now to ensure leadership continuity in your business.
December 5, 2012 in Leadership
Video: 3 Reasons to Consider a Legal Exit StrategyPlay Video

3 Reasons to Consider a Legal Exit Strategy (Video)

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Attorney Nina Kaufman explains how an exit strategy can be useful if unexpected situations arise.
September 18, 2012 in Legal Center

6 Tips for Closing the Generation Gap

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Small business experts, Adam and Matthew Toren answer readers' top questions about entrepreneurship.
July 11, 2012 in Young Entrepreneurs
Could Your Business Survive Without You?

Could Your Business Survive Without You?

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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.
February 15, 2012 in Starting a Business
How to Create a Succession Plan for a Franchise Business

How to Create a Succession Plan for a Franchise Business

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Passing a franchise from one generation to the next can be fraught with complexities. A smart succession plan will ease the transition.
December 2, 2011 in Business Management
Are You Irreplaceable?

Are You Irreplaceable?

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How to make sure your business can thrive without you, and five steps to get there.
November 2, 2011 in Leadership
Tips For Planning an Exit from Your Small Business

Tips For Planning an Exit from Your Small Business

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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.
August 19, 2011 in Business Management
Is Your Family Fit to Run the Family Business?

Is Your Family Fit to Run the Family Business?

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Check your emotions at the door before turning your company over to the next generation.
May 3, 2010 in Business Management

Smart Succession-Planning Strategies

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.
March 8, 2006 in Business Management

Successful Succession Planning

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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.
June 6, 2005 in Business Management

Preparing a Smooth Exit Strategy

Will your kids take over the family business someday? Prepare today to ensure a successful transition tomorrow.
July 21, 2003 in Business Management

Handing Over the Family Business

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How to decide which child will take the reins
May 21, 2001 in Business Management

Giving Stock to the Next Generation

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Are you gifting stock to the younger generation for the right reasons?
October 1, 2000 in Business Management

Avoiding a Too-Early Succession

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Hand your kids a key to the business too early, and you could unlock the wrong attitude.
July 1, 1999 in Business Management

Getting Management Help From the Next Generation

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In order to roll with the times, family business leaders must rely on people other than themselves-their successors.
June 1, 1999 in Business Management

Business Mentoring for Your Kids

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Nonfamily mentors may be the best way to prepare the next generation.
November 1, 1997 in Business Management

Creating a Strategic Plan for Growth

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Before focusing on succession, develop a strategic plan for growing the company.
September 1, 1997 in Business Management

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