Year: 2019

Navigating the family business into the next generation takes planning. Unfortunately, only 30% of all family-owned businesses survive into the second generation. It is important to have a succession plan in place to ensure the business thrives in the second generation. This plan should include taking into consideration each of the following: 1. Alignment of…

As a business owner, how much planning goes into taking a week vacation? Leaving your business, even for a short period of time, takes planning. Unfortunately, many business owners plan for their vacations, but not for the future of their business. Business succession involves creating a plan for who will take over your business in…