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Nothing is neutral. Every decision we make and every action we take moves us closer to success or failure.

Posts Tagged ‘succession planning decisions’


Family Business Succession, You Must Rethink Your Organizational Structure


When it comes to family business succession planning, possibly the most important element is attitude, especially when it comes to the senior generation’s willingness to redesign the business’s legal structure. OK, each of the other keys to family business succession planning are the most important ones too. That’s because they all depend upon and build [...]

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Family Business Succession, Appoint a Planning Coordinator to Steer the Process

When it comes to family business succession planning nothing good happens by accident. And that includes the possibility of having succession planning head in the right direction. Having a team of professional advisors in place to assist you is great and I hope you’ll have the best lawyers and accountants money can buy, but that [...]

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Organization Best Practices – Succession Planning

Definition. Succession Planning involves preparing for the departure of key personnel, typically those in leadership roles, such as senior management, and most commonly those in the top executive spot such as the CEO, CFO, President, or Executive Director. For brevity, the term “CEO” will be used throughout the document, but it should be understood to [...]

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Succession Planning is Crucial to Company Survival

If you run a successful business you may have wondered what you are going to do when the time comes for you to voluntarily or involuntarily retire – thus ensuring your business survives and flourishes. Succession planning is important if you want your business to continue after you are gone. There are a few steps [...]

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A Business Owner Asks, How Do We Get to Disney World?

“Let’s go to Disney World!” is the cry heard by millions of parents each year. “But how we get there?” parents often cry a few weeks before the trip. Planning for the long-range success of your business can be boiled down to the same three step exercise you use to map out your trip to [...]

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