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You are here: Home / Archives for Succession Planning

Common Problems – What’s to Happen All Happened Before

February 4, 2014 By HRB Family Business Consulting Leave a Comment

Common Problems – What’s to Happen All Happened Before

‘Winds in the east, mist coming in Like somethin’ is brewin’ and bout to begin.  Can’t put me finger on what lies in store. But I fear what’s to happen all happened before.” Many issues in small business, family business are common problems and have “all happened before.” One of the biggest challenges of a [Continue Reading]

Filed Under: Family Owned Business, Succession Planning Tagged With: business, family business, Family Firm, Family Owned, The Family Business

Succession Planning – How To Avoid Failure in 10 Easy Steps

November 8, 2013 By HRB Family Business Consulting 1 Comment

One of the most critical points in succession planning, to aviod a Family Business Fail, is to ensure the founder entrepreneur know it’s their job to plan for an orderly succession.

  When the fall is all that’s Left, it matters a great deal. Family businesses fail, fall down. Bad Succession Planning? A PricewaterhouseCoopers survey listed 10 reasons why Family-Owned businesses fail. 1. Poor succession planning. 2. Lack of trusted advisers. 3. Family conflict 4. Different visions between generations. 5. Governance challenges. 6. Exclusion of family [Continue Reading]

Filed Under: Succession Planning Tagged With: Current Leaders, family business, Leadership Succession, Planning Leadership, strategic planning, Successful Planning, Succession, Succession Plan, succession planning

How to Properly Manage Succession Planning in Small Business and Family Business

November 4, 2013 By HRB Family Business Consulting Leave a Comment

One of the skills founders need to learn is the release, the ability to let go. There is no Super Bowl, no World Series, and no Green Jacket. Will you know when it's time?

  “Call Me Irish but I don’t believe in Cooler Heads Prevailing” The stereotypical temper of the Irish and those of Irish descent is most often somewhat unexpected, extremely passionate, and very short-lived. In Family Business sometimes cooler heads don’t prevail. Main conflicts in Family Business include control, succession planning, performance and compensation issues. William [Continue Reading]

Filed Under: Succession Planning Tagged With: business process management, Entrepreneur, family, family business, human resource management, process management, successful family business, succession planning, W. B. Yeats, William Butler Yeats, Yeats

Family Business: Succession Planning Strategies Balance Competing Interests

September 28, 2013 By HRB Family Business Consulting Leave a Comment

“The worst enemy of the strategist is the clock. Time trouble … Reduces us all too pure reflex and reaction, tactical play. Emotion and instinct cloud our strategic vision when there is no time for proper evaluation. “

  The History of Family Business The histories of Family Businesses span time. There were family farms before there was Rome. Shepherding has been a family business over 6000 years; other Family business are recorded in the Guinness Book of Records, Hoshi Ryokan , a family owned and operated hotel in Japan, opened in 717. [Continue Reading]

Filed Under: Succession Planning Tagged With: competing interests, Estate Planning, family business, Family Owned And Operated, Management Roles, strategy, Succession Plan, succession planning

Is Communication a Key to continuing a family business?

September 4, 2013 By HRB Family Business Consulting 1 Comment

  Communication is a requirement for Family Business success. Words when spoken out loud can take on the properties of music. Words when used to share a vision, to communicate with the Team, your Company needs rhythm, pitch, volume and timbre. A few weeks back I had the chance to review a piece by an [Continue Reading]

Filed Under: Communication in Family Business, Succession Planning Tagged With: Business Owner, Business Success, Business Succession Planning, communication, communication skills, Family Business Succession Plan, Family Firm

Learn, Earn and Return

June 17, 2013 By HRB Family Business Consulting Leave a Comment

During a recent roundtable with CEOs from eleven local firms, one of the leaders proposed this evolution, or career phases – “Learn, Earn and Return.” David Dietrich offers these ideas, explanations. “Learning is where it all begins. In order to begin building a successful life, you must have the prerequisite knowledge to start earning, then [Continue Reading]

Filed Under: Family Owned Business, Succession Planning Tagged With: executive coaching, strategic development, succession planning

Labor Day

September 2, 2011 By mco 2 Comments

Labor Day, the first Monday in September, is a creation of the labor movement and is dedicated to the social and economic achievements of American workers. It constitutes a yearly national tribute to the contributions workers have made to the strength, prosperity, and well-being of our country. Part of the season is children returning to [Continue Reading]

Filed Under: Organizational Development, Succession Planning Tagged With: innovation, Labor Day, Social Responsibility, succession planning

How To Keep The Leadership Pipeline Full

May 25, 2011 By mco 3 Comments

Lessons learned, may be an overused phrase. There are many sites; lessons learned for First Responders, for Start-ups, Search Engine Optimization (SEO) and Life lessons. In a recent issue of the New Republic, a new book was reviewed. “Intern Nation: How to Earn Nothing and Learn little in the Brave New Economy”, the author disappoints [Continue Reading]

Filed Under: Succession Planning Tagged With: leadership development, process, succession planning

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