Blog
Take a Multidisciplinary Approach to Exit and Succession planning
The failure of many family businesses to transition successfully to the next generation is legendary. What is often unappreciated, however, is that barriers to exit and effective exit planning frequently have emotional underpinnings. As a consultant to family owned businesses, I know that an owner’s powerful emotions often play a significant role in the decision to sell, not to sell, or to transition a business.
read moreA Healthy Approach to CEO Illness
How a company handles illness in its CEO is a complicated business and a neglected subject, both in the business literature and in the boardroom. Waiting until a crisis hits and having to make decisions in a highly charged, emotional atmosphere is obviously far from ideal—and yet that’s exactly what generally happens.
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