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Planning For Exit & Succession

Succession planning should be a key part of your business' growth strategy and risk management process. What planning should be done to ensure a smooth transition to the anointed successor?
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Who Is Going To Wear Your Shoes?

by Barry Urquhart

You can’t take it with you. Business really does mirror life. An aging population of business owners and managers are, or soon will be, confronting the reality of business and personal mortality. They need to plan accordingly.

Succession Planning - The Achilles Heel Of Medium-Sized Business

by NSW Business Chamber

Succession planning is a prudent management measure to protect the lifetime of a business well beyond its operations and ownership structure. It is also a useful exercise to protect a business against unexpected illness or loss of owner or senior management's time.

Seven Golden Rules For Maximising Family Business Value

by Jon Kenfield

A Family Business can be a treasure, or a terrible trap, to the family and other stakeholders. Fortunately, there are some Golden Rules you can follow ...

Basis For Good Business Succession Plans

by Nicholas Hilton

A mistake many business owners make is to believe they don’t need to develop a succession plan until they start putting their retirement plan together.

Australian Small & Medium Sized Business And Succession Planning

Succession planning in small to medium sized business is an important concern for the Australian business community. Recent research conducted by Monash University underscores the fact that while 70 per cent of family business owners believe succession planning is important, only 12 per cent have a documented plan.

Ensuring Continuity In Family Firms

by George Tanewski

The experience of family firms suggests that cultures do indeed change as new leadership takes over.

Culture And Continuity In Family Firms

by George Tanewski

In today’s turbulent times, family firms lead a tenuous existence. Indeed, most family enterprises do not start out as family businesses. Studies conducted by the AXA Family Business Research, Monash University, have found that approximately 35 percent of family firms survive through to the second generation.

Regeneration And Growth Of Family Businesses

by George Tanewski

How can family business owners use succession and transition between generations of owners in a family-owned or closely-held business as an opportunity to jointly regenerate the business and promote the health of the owning family?

Ambivalence Concerning The Development Of A Succession Plan

by Professor Kosmas Smyrnios

The founder letting go of his business can be compared to a father leading his favourite daughter down the aisle. He knows he has to let her go; he did not choose his son-in-law and yet he has to hand over his precious daughter for better or for worse and trust that things will turn out all right. (Anonymous)

A Succession Planning Process Checklist For Owners

by Professor Kosmas Smyrnios

The following succession planning checklists can be used by family business members as part of the succession planning process.

Overlap Between Business Plans And Family Plans

by Professor Kosmas Smyrnios

Strategic planning involves putting in place a course of action to achieve future goals and objectives. Since an owner’s departure from the business is inevitable, owners that engage in strategic planning are more likely to be prepared for the future continuity of their enterprises than those who do not.

Succession - Placing It In A Theoretical Perspective

by Professor Kosmas Smyrnios

Succession planning is probably one of the most important areas that families in business have to contend with. Notwithstanding, it can be helpful for owners and their family business members to become family business aware.

Developing Leadership In A Family Business

by George Tanewski

Developing leadership in the successor generation is important to the survival and growth of family owned and managed businesses.

Career Planning In The Family Business

by George Tanewski

Owners of family businesses may well ask 'For whom is career planning important?' The answer is it’s important for everyone, not just the younger generation or younger employees in the firm. Career planning is even important for the senior generation.

Mentoring And Supporting The Designated Successor

by George Tanewski

For most family business owners, an integral part of the succession planning process involves mentoring and providing the necessary ongoing support for the designated successor.

Total 58 articles in this section.
Pages: Previous 1 . 2 . [3] . 4 Next
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