Tag Archives: Succession

Pay for Succession?

When most family businesses hear the phrase, “you will pay for succession,” they likely think it means that there will be pain associated with the process of transitioning from one generation to the next. I’m here to suggest another, more … Continue reading

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Leadership Transitions – The Power of a Date

Are you developing a successor for your position, with the objective of transitioning out in the foreseeable future? If so, you have likely experienced the apprehension and emotion associated with that process. We have worked with leaders who identify a … Continue reading

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Posted in Family Leadership, Succession Planning | Tagged , , , | 1 Comment

Siblings to Cousins: Fear not the Larger Group

Many families are daunted by the task of transitioning from a relatively small sibling stage to a larger and more complex cousin stage. However, there are advantages to the larger cousin group that may not be readily apparent, for example: … Continue reading

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What is Stewardship?

Stewardship is a term often used when describing the perspective of family business owners.  As many owners of family businesses seek to pass their business on to future generations, the term stewardship is an accurate one.  The dictionary definition of … Continue reading

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Questions Students Ask Most

by John L. Ward For the past few years we’ve kept track of the questions most often asked by MBA students who come from business-owning families. Would you suggest any other pivotal questions? Should I join my parents’ business? Culturally, … Continue reading

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Provide Next Generation Experience Without Risking the Entire Enterprise

So, if as we discussed in our last post next generation “heirs apparent” need real P&L experience how can this happen in a way that helps everyone develop confidence without putting the entire enterprise at risk? The answer, of course, … Continue reading

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Your Children Need an Opportunity to Fail

I am often struck by how difficult it is for brilliantly successful people to achieve their ultimate goal – seeing the business they worked so hard to build continue in their family.  Sometimes the very person who has dreamed so … Continue reading

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Can I leave it to the children?

I often get asked this question by business owners who wonder if they should put the burden of owning and running a family business on the shoulders of their children. They remember the sleepless nights, tough times and challenges they … Continue reading

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Why Do We Wait Until The Last Minute?

“We have a looming transition with no real plan.  Not sure why, but my father has just now decided he would like to get out of the day-to-day operations and sell the business to my brother and me before the … Continue reading

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Journey to the Future: What is Your Collective Vision for Leadership Transition?


For the next 19 years, 10,000 American baby boomers will turn 65 every day. Many of them are family business leaders who are thinking about transitioning leadership to the next generation. While it is great to start considering the transition … Continue reading

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