Expectations in Family Business Transitions
A quote commonly attributed to William Shakespeare applies in nearly every relationship but always reminds me of a common pitfall in family business transitions: Expectation is the root of all heartache. Expectations in family business transitions are especially toxic because they can damage or destroy the irreplaceable relationships between parents and children. We all bring […]
Planning a Business Transition During a Recession
According to the Conference Board, there is a 99% probability of recession within the next 12 months.[1] That expectation raises a question for owners who are thinking about (or are already working on) the transition of their companies to successors: Should you be planning a business transition during a recession? Should you forge ahead or […]
