When leaders of family businesses think about succession planning, typically they are thinking of who will replace the President or CEO. Some go further to think about who will own the business when the current owners are gone: succession of ownership.
The Aspen Family Business Group serves as a resource to help families create an environment in which members are open and willing to learn and grow.
A family in business has fallen into a cycle where one of the daughters who works in the family business has been repeatedly hospitalized for depression. There have been 6 hospitalizations in the last 4 years.
During the 17th Annual Women in Family Business Gathering, we explored best practices for gathering the family, developing family councils and herding cats!