Why?

Succession is the important yet often overlooked aspect of family enterprises.
Wealth can be a blessing and a burden at the same time.

As a consultant to family enterprises for the last quarter century, I have learned some helpful tips about what steps can be taken to ease the transition of a business from the family leader to its new owners. New owners can be any combination of:
– family members,
– management members, and
– outside buyers.

Each of these either as a standalone or in combination have common issues. Most of the issues can be overcome with two key ingredients:

Listening and communication.

This blog will take us on a journey through some of the challenging and often turbulent times through the succession of family businesses.

The rewards are worth all of the effort though, both from legacy perspective as well as to the financial benefit of the family as a whole.

Enjoy the journey with me.

Learn think apply!