Zehnder said the family hired Christopher Eckrich, a senior adviser from The Family Business Consulting Group in Fort Wayne, Ind., in 2021 to assist the company with ongoing succession planning.

A man explaining the succession plan for his family business to his son. SmartAsset Team . Mon, Oct 9, 2023, 6:41 AM 5 min read.

While succession planning can bring about strong emotions about the leading-gen’s ability to guide a family business into the future and the next gen’s readiness to assume leadership positions ...

Business leaders turn to Plunkett Cooney of Counsel Karen Collingsworth-Crusse for estate planning services and to design ...

Put off business succession planning. Assume that family members are qualified. Assume that family members are not qualified. Disregard the value of an advisory board. Overlook planning due to lack of ...

Succession planning for business owners isn’t just for the ultrarich and powerful like the Roy family battling it out on HBO’s “Succession.” Having a plan in place for who’ll take over ...

A central concern of family business leaders is assessing the readiness of the next generation to take over the business. This is critical, because research shows that 25% of failed transitions ...

A well-run family enterprise is grounded by a solid governance structure, which guides the business, the family and ownership on many important matters, including generational succession.

In succession planning for a family-owned business, Alberto del Pilar, managing director at ButcherJoseph & Co., said a corporate strategic plan is needed to survive the market and compete ...

Research has revealed that though family businesses wanted to grow aggressively, 43 per cent of these entities do not have a succession plan in place with only 12 per cent making it to a third ...

The post How to Make a Succession Plan for a Family Business appeared first on SmartReads by SmartAsset. Who takes over the reins of your family business when you step down is a critical question ...

This downloadable template for Family Business Succession Planning can provide a first look at starting your own planning process.. Start by joining a Conway Center peer group ...