I outlined the importance of making an exit plan—strategically mapping out a path to eventually leaving your business. There ...

"As a preliminary matter, family leaders need to decide whether the mission of their business is solely to maximize profits ...

Transferring your family business into the hands of a new generation is an exciting opportunity for growth. But with that opportunity also come ...

Aimed at family business founders preparing for retirement or transition, this comprehensive guide offers a step-by-step approach to succession planning, retirement planning, and creating a ...

Well-designed board succession planning practices can help improve board culture, strengthen decision-making, and align board and leadership changes with long-term business objectives. We provide ...

Every sound succession plan begins with an honest assessment of future challenges and how they might affect your business.

Succession planning in the context of a family farm is more than just a business transition. It’s a journey that involves several critical steps. Successful succession planning must revolve ...

This makes succession critical to the economic viability of the ag business and the continuation of the family farm (let alone the happiness of the family and partners involved). There are four ...

It is not an undertaking you can accomplish piecemeal: The various aspects of the plan are all interactive with each other. It will take away time from your daily business responsibilities. Why ...