Succession planning 101

Published On: May 1, 2020Categories: Features

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A seamless transfer of leadership in a family business requires hard conversations and a detailed road map to avoid the worst potholes and ensure a successful journey.

By Jeff Moravec

A family business can offer great rewards—personally and professionally—for its founders and their descendants. But a family business also presents unique challenges and requires careful planning and management, especially when it comes time for one generation to step aside and another to take over. The irony is that even for excellent communicators, succession planning is something family businesses often shy away […]