It is not uncommon for an owner/founder to desire to remain active in the management of the company after a transition. After all, the firm

When more than one potential successor is identified, a new layer of complexity is added to the succession planning process. The consequences of naming one

Grooming a successor is a task unlike any other faced by a privately held business owner. It’s an initiative that can challenge the ego, force

Internal financing is a common method to facilitate the transition of ownership between current owners and the next generation. By internal financing, we generally mean

Almost every succession strategy will require some amount of capital. Depending on the structure, internally-generated cash flow may be able to support the transition (e.g.,

There are eight primary factors that define how a business is structured:   Creation – how the business is started  Management – how it is managed

To the extent that a business wishes to provide future key employees with an incentive to grow the business, there are a  number of ways

Finding and selecting a successor can be one of the most challenging tasks a business owner will face. The process is especially challenging because many

The importance of succession planning has hopefully resonated by now and we all know it’s something we should be making a priority in our businesses.

To execute a successful succession plan, an owner must take a multi-faceted approach – one that will bring together experts from many different fields, all

The HBO series Succession has catapulted a very important aspect of corporate planning into the spotlight in recent years – and business consultants everywhere are

Succession has been a buzzword for quite some time now. But what exactly does it mean and how is it applicable to running the day-to-day