Family firm succession – business succession strategy for family-run companies

click here for more images
fact: if you preside over a family-run company, then… Dear concerned family business founder, owner or heir: i can hear what you’re thinking: "how dare i provoke and sensationalize something as sacred as your family business and blame you for its demise "

who am i to make such claims and accusations? i’ll get back to that later, but right now believe me when i tell you what you need to hear rather than what you want to hear.

the ones that do succeed out-perform their peers by orders of magnitude, making it all worthwhile the facts are crystal clear – thousands upon thousands of honest, hard-working, loyal and dedicated small business owners, just like you , are destroying their family s legacy within one generation, simply due to lack of planning and understanding.

and in a way, this is understandable: after all, there are very few resources available to help family firms cope with succession challenges. As you’ll see below, succession outcomes for family firms are very different from those of corporate firms. You can’t read up on "corporate succession" and hope to understand the key factors for successful family firm succession.

then there’s the fact that most lawyers, accountants or other professional experts charge prohibitive fees ($300+ an hour) just to explain the groundwork and background information associated with succession planning — that’s before they’ve even looked at your specific situation. In no time at all yo…read more detail

check other video

Tagged with:

Filed under: business / investing

Like this post? Subscribe to my RSS feed and get loads more!