Succession Planning

Business owners can learn from the Murdoch family's disputes and power struggles and discover how effective succession planning could have prevented these issues.

A Nevada commissioner ruled that Murdoch and his chosen successor had acted in bad faith.

If you want to be on the positive side of those numbers, you need to start planning the succession almost as soon as you start or acquire the business.

So much entrepreneurial effort goes into starting and growing a business, yet one of the most overlooked issues is keeping it going beyond the founder. This article delves into eight strategies you can leverage to plan succession for your company.

When you're burning out as an entrepreneur or business owner, it can feel like selling your business to an outside buyer is your only escape — but I'm here to tell you there are other options. Here are a few to consider if you're unsure about handing over the reins.

Cook spoke with the pop star on the latest episode of her "Dua Lipa: At Your Service" podcast.

Life can be a lot easier when you have money — but not always.

When my husband told me he was planning to retire and was not worried about it, I wondered if I should be.

Planning to pass on your business to your kids? Preparing them for the next phase of your business is a complex and multifaceted process — so here's what you need to do.

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.

The billionaire, once the richest man in the world, is keeping his options open.

The Chairman and CEO of JPMorgan Chase detailed his feelings on the ideal traits of his successor at JPMorgan Chase's 2023 Investor Day.

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.

Julie Charlestein, CEO of Premier Dental Products Company, shares four essential tips for a successful leadership switch-up.

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.

Key steps along the way can protect you - and the business you're selling.

Transitioning a business can be highly complex. With so many moving parts, leveraging an advisory professional can help you make a smooth transition while providing good value to you.

A high-performing strategic plan is the roadmap for your business and will help guide you through all kinds of decisions you'll be making.

If Willy Wonka had done research on succession planning, the story could have turned out much differently.

Reframe how you look at and invest in your own legacy.

Bring in top talent and add to the overall growth and diversity of your organization.