Webinar: Estate Planning
Comprehensive planning for the future of your family business includes appropriate attention to estate planning.
Seven Dimensions of Succession
This booklet delves into the transitions from one generation to another that require succession in seven areas.
Webinar: Succession Planning
Shelley Taylor and Natalie McVeigh discuss the multiple areas to focus on in generational transitions in family businesses.
Founder Paralysis: A Family Business Fable about a Founder’s Loss of Identity
Incompetent. Irrelevant. Powerless. These are just a few of the feelings that nag founders when the business conversation turns to succession.
Best Practices for Families in Business (2 of 3)
Do you have clear roles and job descriptions for everyone working in the business? Is every employee given feedback on a regular, structured basis so he or she knows what he or she does well and where he or she can stand improvement?
Best Practices for Families in Business (3 of 3)
Do you have a plan for who would run the company if the leader died suddenly and documents that are readily accessible to help that person deal with the legal, financial, and operation challenges in that crisis?
Seven Dimensions of Succession Planning in Family Business
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.
Axiom #1: Systems for Families in Business
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.
Entitlement
Entitlement is a psychological attitude toward relationships that results from the balance or imbalance of fairness and trust early in life.
