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Posts Tagged ‘family business succession planning’


Business Strategic Development

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It doesn’t matter that you’re making good time, if you are heading in the wrong direction. To become and remain successful in business and in life you must make the decisions that will keep you moving toward your goals. Any actions that do not take you directly toward your objectives – take you toward destruction [...]

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Importance of Management Succession Planning

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Management succession planning is more important today than ever before. Global competition is fierce and succession planning mistakes a successful business could absorb only a few years ago can absorb the business completely – hardly leaving a wet spot. Not only is competition an issue of great contention – the business landscape in general has [...]

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Management Succession Planning IS Success For the Family Business

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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 [...]

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