Succession Planning: Timing Is Everything
Whether a business exit is decades in the future or just a few years away, planning for who will take over your company – and how – can be a process fraught with uncertainties. Some questions you…
Tag: Succession Plan
Seven Tips for Passing on the Family Business
Bringing up your next generation of leaders In a family business, bringing up the next generation of leaders can be a difficult and politically-charged endeavor. So it’s crucial to get it right if you want your business…
Guide to Succession Planning: How to Start a Succession Plan for Your Business
Why Is a Succession Plan So Important? Business leaders and owners typically are good at building their companies and realizing success in their positions and respective industry (ies), just as was envisioned at the startup stage. But…
3 Perspectives of Succession Planning to Help You Prepare
For many business owners, putting together a succession plan may seem like an overwhelming task. It might even seem unnecessary for those who are relatively young and have no intention of giving up ownership anytime soon. But…
Four Ways Benchmarking and Financial Ratio Analysis Can Help Your Business
We’ve repurposed and updated this article, originally published August 6, 2015. How is your business doing? “Good,” you say? But is your business really doing well? If you’re basing your response on a feeling instead of tangible measurements, you…
