Succession Planning | Page 2

Thomas Staggs will end his current role early next month, but will remain with the company through the fiscal year.

Will you be leaving control of your company to family or your employees? Or will you just sell it to an interested party?

Your business plan should also take into consideration what happens when you are no longer here.

Beware these common mistakes made when passing down a family business.

A millionaire who retired at 27 shares his tips to setting up your company to run under a leader of your choice.

When it's time to walk away, you must figure out your options and prepare yourself for a big chance.

Michele Ferrero, the leader of the Ferrero Group and the richest person in Italy, died at age 89.

When the boss had health issues, a company needs to act decisively. That's especially true when you're the boss.

Getting it wrong before you start can ruin any hopes of a sale and can mean many months of your time wasted.

Remember, the process isn't about you. It's about the organization. Instead of choosing a successor just like you, choose one to meet the new needs of the enterprise.

An entrepreneur shares the first five things she did to support her business and herself while surviving cancer

Business owners need to be proactive and wise in anticipating next steps in their company's and personal life cycle.

One entrepreneur explains how he came to the difficult decision to step away and leave the company he loves and helped to build.

The number of female-led firms has surged to new heights. Here's what you need to know to get started.

Leaving an impact at your company means more than creating the projects and products you accomplish today. Set in motion a dynamic so people sharing your values can carry the torch forward.

Remember when everyone said Tim Cook would change Apple after Steve Jobs? He did. For the better.

Entrepreneurs who have difficulty answering this question may be facing a planning issue that involves far more than arranging their time off.

Would you simply give your business away instead of selling it for a profit?

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 a 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.