Succession planning needs to be the focus of businesses. Current leadership should always be on the lookout for talented people to train and develop into future leadership roles. The seamless ...

Compare your farm’s succession plan to a 1,000-piece jigsaw puzzle. You know your end goal is a beautiful picture of family harmony, financial success and an operation that grows into the future.

Every company has a short list of considerations when it comes to strategic planning. Near the top of that list is preparing for potential — and sometimes inevitable — shifts in leadership. Every ...

Succession planning seemed like an issue for advisors close to retirement age until this entrepreneur learned o her husband’s ...

Transferring assets can be one of the easiest parts of a succession plan. A bigger challenge is transferring management, knowledge and business acumen. “The economic reality is that for your business ...

Forbes contributors publish independent expert analyses and insights. I'm a global philanthropy advisor and author of Delusional Altruism. In philanthropy, just as in business, the strategic foresight ...

Passing on the baton to the next generation or an existing management team can often be easier said than done. The emotional ...

Planning an exit strategy for a company takes a psychological step before a financial one and there are many potential pitfalls for an owner seeking to build a succession plan.

In today’s dynamic and highly competitive corporate landscape, families in business looking to develop a competitive edge and retain a strong family bond, can cherry pick successful practices from ...

Just 13 percent of family business members in the next generation say the business would “continue to run smoothly and without interruption if an important family employee moved on, retired, or passed ...

When it comes to succession planning, I believe it’s never too early to start. In fact, nine times out of ten, people should have started sooner than they did because the earlier you prepare, the more ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Every company has a short list of considerations when it ...