Keeping Family “Out” of the Family Business

The parents in a family business usually encourage their children to join the family business at an early age. The pitch to join the business can be as active as a full court press or as passive as a passing mention. When they finally decide to join, the parents are usually thrilled that their children are following them in their footsteps.

But what happens when you don’t want them to join? More…

The Interim CEO – A Place Marker for Postponing the Succession Plan

“you can pick your friends, but you can’t pick your family…”

As founder you have done all the right things to pass the business along to your children. You have prepared a succession plan, setup your estate plan, dealt with the ego issues of letting go of your responsibility and giving up control. You have even planned for retirement and life after the business.

Problem is, the children aren’t ready. All of this planning is wasted if your successors aren’t in position to take over. More…