Decades of statistics illustrate that most successful businesses ultimately fail.
In fact only 35% of successful family businesses (and virtually all small businesses are family owned) survive through the second generation, and of those only 20% survive through the third.
The reasons are typically straightforward and the excuses have been the same, from my personal experience, for [...]
Entries Tagged as 'effective succession planning'
Management Succession Planning IS Success For the Family Business
September 2nd, 2010 · No Comments · effective succession planning, family business succession, family business succession planning, management succession planning
Tags: effective succession planning·family business succession planning·management succession planning
Passing Your Family Business to the Next Generation – Succession Planning
August 31st, 2010 · No Comments · effective succession planning, family business succession, family business succession planning, succession planning process
As Penn State professor William Rothwell ominously points out in the forward to Exit Right: A Guided Tour of Succession Planning for Families in Business Together, more than 40% of the people who run the closely held operations that comprise 80% of the North American economy will retire by 2010.
It makes me wonder, what is [...]
Tags: effective succession planning·family business succession planning
Safeguard the Future with Succession Planning
August 31st, 2010 · No Comments · effective succession planning
Tom McKeown, President and COO of Aquire, offers five steps to creating efficient and effective succession plans in order to safeguard your company’s future.
Duration : 0:5:22
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