Succession Planning

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

How a Family-Owned Firm Can Beat the Odds and Pivot

How a Family-Owned Firm Can Beat the Odds and Pivot

Use the leadership change as a catalyst for a shift in the business model to keep up with trends.
7 Lessons in Harmony for Family Startups

7 Lessons in Harmony for Family Startups

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.
U.K. Dad Decides to Give Away His Startup

U.K. Dad Decides to Give Away His Startup

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

Downton Abbey: Lord Grantham's 5 Worst Management Mistakes

What the world of butlers, footmen and lady's maids can teach you about management.

Why You Should Start Preparing Your Ultimate Exit Strategy Now

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.
Six Tips to Keep Your Business Going After Losing Your Partner

Six Tips to Keep Your Business Going After Losing Your Partner

How to survive and rebuild while dealing with grief and loss.
Acting on Ideas and Other Tips This Week

Acting on Ideas and Other Tips This Week

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

Your Business Without You: 4 Steps to Finding Your Successor

What you need to do now to ensure leadership continuity in your business.
3 Reasons to Consider a Legal Exit Strategy

3 Reasons to Consider a Legal Exit Strategy

Attorney Nina Kaufman explains how an exit strategy can be useful if unexpected situations arise.

6 Tips for Closing the Generation Gap

Small business experts, Adam and Matthew Toren answer readers' top questions about entrepreneurship.
Could Your Business Survive Without You?

Could Your Business Survive Without You?

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.
How to Create a Succession Plan for a Franchise Business

How to Create a Succession Plan for a Franchise Business

Passing a franchise from one generation to the next can be fraught with complexities. A smart succession plan will ease the transition.
Are You Irreplaceable?

Are You Irreplaceable?

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

Tips For Planning an Exit from Your Small Business

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.
Is Your Family Fit to Run the Family Business?

Is Your Family Fit to Run the Family Business?

Check your emotions at the door before turning your company over to the next generation.

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.

Successful Succession Planning

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.

Preparing a Smooth Exit Strategy

Will your kids take over the family business someday? Prepare today to ensure a successful transition tomorrow.

Handing Over the Family Business

How to decide which child will take the reins

Giving Stock to the Next Generation

Are you gifting stock to the younger generation for the right reasons?

Avoiding a Too-Early Succession

Hand your kids a key to the business too early, and you could unlock the wrong attitude.

Getting Management Help From the Next Generation

In order to roll with the times, family business leaders must rely on people other than themselves-their successors.

Business Mentoring for Your Kids

Nonfamily mentors may be the best way to prepare the next generation.

Creating a Strategic Plan for Growth

Before focusing on succession, develop a strategic plan for growing the company.

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