employees and workers

6 generational succession tips

Do your kids really want to take over your business Generational succession – handing your business across to your kids or family – sounds simple enough. But, many families end up in dispute right at the point when the parents, business, and children are most vulnerable. It’s important that generational succession is managed as closely…

property

Succession and structure

The need for greater formality and management structure Generational succession often requires a greater level of formality in the management and decision-making process.  This formality should achieve a separation of function between: Management The Board of the company, and Shareholders Often in a small or medium business, roles can merge with no clear dividing lines…