Succession Planning Archive

Transition Planning

Succession Planning Problems arise because all matters pertaining to the business get mixed up in the overlapping areas. Individuals play multiple roles but mix them inappropriately or lack awareness of how to separate the issues. It is in these overlap areas that confusion reigns. It is crucial to clearly identify where issues stem from and [&hellip

Read More…

SUCCESSION PLANNING: The often-knotty problems of family businesses trying to stay that way

Quote by Edward S. Rosenfeld: Management Versus Ownership Edward S. Rosenfeld, a family business consultant in New York City, says that an increasingly common issue in succession plans these days is working out the differences between the management and ownership of family businesses as they make a transition. As successive generations produce more family members [&hellip

Read More…

Planning for Successful Transitions and Growth: A Symposium for Closely-Held Manufacturers

Title: Planning for Successful Transitions and Growth Location: Blank & Rome LLP The Chrysler Building 405 Lexington Avenue New York, NY Link out: http://www.itac.org/Events/TransitionGrowth/index.html Description: A Symposium for Closely-Held Manufacturers Topics and Workshops: >Maximize the value of your business. >Select and develop the people you need to lead your business >Manage change so conflict is [&hellip

Read More…

Succession Planning for Family Businesses

Problems arise because all matters pertaining to the business get mixed up in the overlapping areas. Individuals play multiple roles but mix them inappropriately or lack awareness of how to separate the issues. It is in these overlap areas that confusion reigns. It is crucial to clearly identify where issues stem from and then move [&hellip

Read More…

Bigelow Tea Case Study

This article in Inc. Magazine has an excellent Succession Planning case study. http://www.inc.com/guides/2010/05/teaching-kids-to-take-over-family-business_pagen_2.html

Read More…

Entrepreneur Profile: Edward Rosenfeld

Entrepreneur Profile: IFR Furniture Rentals by Dan Lee on November 30, 2010 Thanks to Dan of Axial Markets for posting this profile on his blog.  It goes to the heart of my concern for the successful transition planning for the family business. https://www.axialmarket.com/blog/2010/11/entrepreneur-profile-ifr-furniture-rentals

Read More…

Best and Worst Family Business Practices, Book Review

It is a great summary of Family Business best and worst practices written from a very experienced and savvy attorney’s perspective.

Read More…

Family Business Services

Succession Planning Problems arise because all matters pertaining to the business get mixed up in the overlapping areas. Individuals play multiple roles but mix them inappropriately or lack awareness of how to separate the issues. It is in these overlap areas that confusion reigns. It is crucial to clearly identify where issues stem from and [&hellip

Read More…