In past generations, owning a business meant running the business. Today’s options are broader and more complex as many families are blended, mended and extended and as younger generation family members may be more focused on “quality of life.” So, how do you choose the next leader of the business? Can it be more than one? Can it be a non-family member? Do siblings sit in judgment of siblings? What if mom and/or dad aren’t ready to “let go?”
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Hear David and Paul Karofsky discuss the
challenges of succession planning in family
businesses. |
We help our family business clients identify their leadership succession plan by:
- Facilitating continuity planning and generational succession
- Sorting and clarifying complex issues
- Guiding leadership development and career tracking programs
- Mentoring aspiring leaders
- Creating accountability standards
- Clarifying roles and responsibilities
- Developing retirement planning programs
- Coaching and guiding “Seniors” in the art of “letting go”
Would You Like More Information?
For more information on how to tackle succession planning challenges in your family business, visit our Family Business Resource Center.
