So you’re in business and you are thinking about succession, or maybe you should be but are not quite ready yet. You look to your children who are working in the business and, lo and behold, the one who is…
“They’re Pushing Me Out” #succession
Succession at times can certainly feel like you’re being pushed out of the business. The kids want to step into management and control and your spouse/partner wants you to step away and spend more time with them, and potentially the…
“I Didn’t Ask The Kids To Be In The Business” #succession
If your children commence working in the family business you are then firmly in succession territory. No matter whether you asked, they invited themselves or somehow magically appeared on the payroll, if your children are working in the business you…
“Dad Won’t Leave” #succession
“Dad won’t leave” is a common comment from the incoming generations undertaking the succession process – and, of course, sometimes it’s Mum who won’t leave. There is an impatience by the new generation to get their hands on the control…
Succession Means Mutual Commitment
In succession you will often hear the older generation say, “I want to see the commitment of the younger ones. I want to know they are 110% committed to the business”. While the younger ones say, “I am never listened to…
