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You are here: Home / Archives for Succession Plan

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

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

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