Succession Planning | Page 2

Thought Leaders

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.

By Liz Kislik

Building a Business

Your Family Business Won’t Survive If You Don’t Plan for the Leadership Transition

By Lisë Stewart

Thought Leaders

What Every Startup Must Do to Get Investor Ready

By Ryan Himmel

Thought Leaders

This Company Conducted a $1.2-Billion Restructuring as Part of Succession Planning — Here’s What You Need to Do to Prepare for a Leadership Change

By Randy Banchik and Joe Dykstra

Business Legal

An Emergency Safety Valve: The Case for Entrepreneurial Estate Planning

Protect your assets and safeguard your family's future with three documents that detail what will happen when you're unable to make decisions later.

By Ellie Martin

Thought Leaders

How to Transition to Employee Ownership

If your exit plan involves your employees taking over, these smart tips will help ensure that they're ready when you walk out the door.

By Teresa Ciulla

Building a Business

Family Succession Planning: How to Do It Right

Here are 5 tips to make the handoff to the next generation a strong one.

By Teresa Ciulla

Business Accounting

Succession Planning: How to Ensure Your Business Will Thrive Without You

When you begin planning your exit from the company you founded, these eight tips will help you smooth the way.

By Teresa Ciulla

Business Plan

2 Roadblocks to Successful Leadership Transitions

A solid succession plan and a few ground rules are essential when selling your business.

By Beth Miller

Thought Leaders

But Did You Die? Keep the Business Alive If You’re Not Around.

How would your business survive if you stepped away for a day, a week, or forever?

By Mike Wood

Building a Business

Leave Policies Are Leaving Out Some Key Opportunities

The only expectation most companies have from employee leave policies is that the worker returns. That's short-sighted.

By Ray Hennessey

Business News

The Heir Apparent to Disney CEO Bog Iger Steps Down

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

By CNBC with Reuters

Building a Business

Now Is the Time to Think About Your Small-Business Succession Plan

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

By Stephen Sheinbaum

Building a Business

Use Make-a-Will Month to Plan Your Small-Business Exit Strategy

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

By Susan Solovic

Building a Business

How to Ensure Your Business Survives the Next Generation

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

By Lisa Evans

Building a Business

9 Keys to Ensuring Your Business Continues to Succeed Without You

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

By Brenton Hayden

Thought Leaders

4 Ways to Build the Mental Fortitude Needed to Transition From Your Business

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

By Stacy Feiner

Thought Leaders

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.

By Kate Taylor

Thought Leaders

How I Dealt With Cancer In the Corner Office. My Own.

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

By Ivan Misner

Building a Business

6 Things You Must Know Before Selling Your Business

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

By Thomas Smale

Building a Business

Common Succession Planning Mistakes — and How to Avoid Them

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.

By Beth Miller

Thought Leaders

Taking Care of Business When an Illness Strikes

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

By Kelsey Ramsden

Building a Business

Skirt Roadblocks to Succession Planning

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

By Beth Miller

Thought Leaders

3 Reasons I Decided to Leave the Company I Co-Founded

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

By Scott Dudelson

Thought Leaders

Will You Join the Phenomenal Growth of Women-Owned Businesses?

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

By Mary Martuscelli

Thought Leaders

It’s Not Too Late to Start Thinking About Your Business Legacy

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.

By Beth Miller

Thought Leaders

Leadership Lessons From Apple CEO Tim Cook

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

By Steve Tobak

Thought Leaders

Can Your Business Live Without You?

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

By Beth Miller

Thought Leaders

I Gave My Business Away. Here Are 3 Reasons Why.

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

By Simon Cohen

Building a Business

Market Basket’s Family Feud Risks a Loss of Its Loyal Following

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.

By Peter S. Cohan