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Home / Archives for Succession Planning

Succession Planning

7 Ways to Create a Successful Family Succession Plan

Jan 19, 2021 By Lending Tree

When you run a family business, you may dream that one day your children will take over and run the company. However, nearly half of business owners over the age of 65 don’t have a transition plan in place, which could jeopardize plans to pass the business down to future generations. Lack of a formal […]

Filed Under: Run and Grow Tagged With: Succession Planning

What Would Happen to the Business if You Die, Leave or Are Disabled?

Sep 16, 2020 By Dave Berkus

Yes, we’re invincible when young When we are young and early in our business lives, we feel infallible to the degree that we do not think of what might happen if we die while in office or decide to leave the company for any reason. Such thoughts just do not occur to most of us […]

Filed Under: Leadership, Strategic Planning Tagged With: Succession Planning

Ask These 5 Questions Before Selling Your Business

Jul 13, 2020 By Annie Button

Ask any business owner or entrepreneur and they will tell you that the decision to sell a business is never an easy one. Every commercial enterprise is different and some can be intensely personal, long-term achievements, which can make the sale a deeply emotional and often stressful experience. It may not surprise you to hear […]

Filed Under: Finance Tagged With: Succession Planning

Franchise Succession Planning: What’s Your Exit Strategy?

May 21, 2019 By Bill Bradley

Planning to exit a franchise system is just as important as choosing to be part of one. While passing down your business to a loved one can strengthen your relationship, it can also be a pretty complicated process. To make the process even more complex, most franchisors must approve your successor. William Slater Vincent, a […]

Filed Under: Franchise Center Tagged With: Exit Strategy, Franchise Business, Succession Planning

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Making Conversation, by Fred Dust
When work meetings become joyless time suckers, here’s advice for conversations designed to move things forward with clarity and context.

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Run & Grow

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