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 'management 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
What is The Key to Family Business Management Succession Planning?
August 10th, 2010 · No Comments · management succession planning
When it comes to family business management succession planning, and farm succession planning for that matter, there are lots of “keys” – virtually all of then claim to be the most important one.
The truth is that there really is only one most important key to succession planning and it is not what you are probably [...]
Tags: family business management succession planning·farm succession planning·management succession planning
When it Comes to Succession Planning, Which is Best Whole Life vs. Term
June 17th, 2010 · No Comments · family business succession planning, management succession planning
Which is better, term or whole life seems to be the question on both business owners and individuals lips. It is also the subject of numerous financial talk show experts and un-countable numbers of books and articles. Alas, it is the wrong question.
The right question is “which business insurance should I trust to help me [...]
Tags: business insurance agents·management succession planning·whole life vs term
