The whole concept of retirement and business succession can often create an expectation that at a certain age, it is time for you to leave. Add into that the pressure that a younger generation wanting to step up can apply,…
Falling Off The Cliff #succession
Succession can be a long and at times challenging road to tread, but there is nothing worse than having invested so much into your succession process to falter at the final steps. To have failed to build the necessary relationships…
The ‘Merry Go Round’ Of Indecision #succession
Good family succession planning requires a lot of detailed work, strong communication, honest conversations, fairness, clear goals, robust process and ultimately decisions. Short-cuts, avoiding difficult conversations, weak compassion, self-interest and superficial work are some of the common failings. But the…
A Barren Lake – Where The Future Is Uncertain #succession
Successful family business succession requires entrepreneurship not only in the current generation but more importantly in the future generations. Succession is not about passing on the business of today but seeding the capability to create the business for tomorrow. If…
Quicksand – A Fatal Trap In Succession #succession
Possibly one of the hardest tasks in family business succession is for the existing leadership team to release their way of doing things which have built the successful business that exists today. And to allow the new leaders free reign…
