Articles
succession
The Crucial Art of Succession Planning for Family Businesses
Succession planning is a topic that rarely gets the attention it deserves, especially in family-owned businesses. Yet, it’s one of the most critical factors in preserving a company’s legacy and ensuring its survival for future generations.
I was recently a guest on the Action’s Antidotes podcast with Stephen Jaye and we discussed the importance of planning for business transitions, especially as founders or business owners approach retirement, including finding suitable successors and ma…
Is Your Business Prepared for Its Future Without You?
As a fractional CFO with years of experience working alongside family-owned businesses, I’ve witnessed firsthand the challenges entrepreneurs face when preparing for the inevitable transition out of their companies. In my recent podcast interview, we delved into the importance of succession planning, the critical role of mindset shifts, and actionable steps to secure your business legacy.
The Transition Challenge: Letting Go of Control
For many founders, their businesses represent more t…
Beyond the Founder – Beating the Odds in Family Business Succession
Beyond the Founder – Beating the Odds in Family Business Succession
I recently joined John Kundtz on The Disruptor Podcast to discuss a crucial topic for family-owned businesses: "Beyond the Founder: Beating the Odds in Family Business Succession." Did you know that 50% of family businesses fail after the owner's death?
We delved into some other alarming statistics—like how only 1 in 3 family businesses make it to the second generation—and explored how early succession planning can se…