Elizabeth Ledoux Podcast Interview LoCO Think Tank
Curt Bear, host of the podcast The LoCo Experience,* sat down with Elizabeth Ledoux to talk about her journey from engineering student at the Colorado School of Mines to systems designer for medical and dental practices; from petroleum engineer and mom of two to student of human behavior; from founder of an international consultancy to […]
Five Communication Tips for Owners Contemplating Business Transitions
The playwright George Bernard Shaw said, “The single biggest problem in communication is the illusion that it has taken place.” Statistics from family businesses in transition certainly agree. The Family Business Institute cites a 2005 Canadian Federation of Independent Business survey that found that “…while 74% of the senior generation leaders report there is a […]
How To Go From Pushy Parent to Inspiring Leader in Your Family Business
When addressing the topic of resolving conflict in family businesses, my team and I often discuss the common points of friction between parents and children primarily during the transition from one generation to the next. In this article (How To Go From Pushy Parent to Inspiring Leader in Your Family Business), let’s take a broader […]
Family Business Transition to the Second Generation
Do you own a business that you’d like your children to run one day but just haven’t put a transition plan in writing? If so, you are not alone. According to a recent survey of 230 family business leaders in Mexico, Canada, and the U.S., you are in the 66% of owners who have not […]
4 Ways To Prepare Your Child To Become Your Successor
If you have been concerned only about your child’s readiness to run your business, start to consider your readiness: Are you prepared to do what you need to do to help your child succeed as an owner? Here are 4 Ways To Prepare Your Child To Become Your Successor: Build a Curriculum It is not at all uncommon for owners to get stuck when […]
Take Charge of Succession Planning
When working every day to run and build your business, it can be difficult to imagine your business without you and you without your business. Yet at some point, owners do begin to think about whether and how their businesses will continue after they leave and move on to their Next Adventures™. We know that […]
What Is Succession Planning?
We’ve written numerous articles for this site and other publications that attempt to answer the question “What is succession planning?” You’ll find the most complete answer, as well as our unique approach to succession planning in our book, It’s A Journey: The MUST-HAVE Roadmap to Successful Succession Planning. Optimists by nature, we typically tout the […]
Private Business Succession Planning
Are you starting to think about retirement but don’t know how to transition your business to a new owner? Don’t let the HBO series Succession scare you: Finding a successor for your private business doesn’t have to be so complicated. At The Transition Strategists, we have been helping business owners successfully pass their private businesses […]
Family Business Succession Planning
Are you preparing for the future of your family business? Whether you’re just starting your business or nearing the end of your career, it’s always a good idea to think ahead. Family business succession planning doesn’t have to be overwhelming or intimidating. Trust The Transition Strategists to help take the mystery and strain out of […]