business succession
An Hermès Heir Wants to Give Half His $12 Billion Fortune to His Gardener—and Lawyers Are Going Nuts
Nicolas Puech, the grandson of Hermès' founder, intends to legally adopt the 51-year-old former groundskeeper as his son, ensuring he inherits his billions.
1 in 10 Leaders Say Succession Planning Is Not Worth the Time and Money It Costs — Here's Why They're Wrong.
While seemingly straightforward, succession planning for business owners can take several different forms, each with its own set of pros and cons. You need to understand your options when you inevitably sell or pass down your business someday.
How to Sustain a Family Business Across Generations
It can be tempting to assume the next generation is ready to take over your company and allow you to enjoy your twilight years, but you must ensure they have time to develop skills and realize their identity.
I Advise the Real-Life 'Logan Roys' of the World. Here's Where the 'Succession' CEO Went Wrong.
Based on my experience working with and counseling the real-life Logan Roys of the world, here are five lessons the Roy family could benefit from learning.
4 Lessons on Succession Planning for Entrepreneurs
In honor of National Life Insurance Month, a quick primer on what you should be doing now.
Stepping Into Big Leadership Shoes? 3 Ways to Bring Your Own Pair.
When I took over my father's company after his death, I realized the importance of making smart decisions and not trying to fit into someone else's shoes.
How to Plan for Succession When There's No One to Succeed You
Smart business leaders know they need to have someone in place who can sub in or replace them in case of emergency or opportunity. But sometimes it doesn't look like there's anyone who's appropriate or ready. Here are some things you can do.
These Tips Will Help Entrepreneurs Prepare the Next Generation for Family Business
Leadership change in a family business is acknowledged to be an extremely intricate procedure and often becomes a balancing act
#6 Tips for Smooth Transition in Family Businesses from One Generation to the Other
Numerous business counsellors advise maturing business people to fabricate a leave system directly into their strategy for success
How to Ensure Your Business Survives the Next Generation
Beware these common mistakes made when passing down a family business.
The Man Behind Nutella, Ferrero Rocher and Tic Tacs Dies
Michele Ferrero, the leader of the Ferrero Group and the richest person in Italy, died at age 89.
Why You Should Sell Your Business to an MBA
Search funds can be a strategic option for business owners looking for an exit.