When I was fairly young (at which time my kids assume dinosaurs roamed the Earth), I would play chess with my grandfather when I visited his house. To be honest, I really didn’t remember these games as he passed away when I was in high school. Years later, my grandmother gave me a chess set […]
Family Business Succession Planning: Navigating the Next Generation’s Role Read More »
At the Succession Planning Roundtable: Back to Basics – Essential Documents for Your Family Business, Bea Wolper with Emens Wolper Jacobs & Jasin and Meredith Sugar with Taft/ facilitated a highly informative and engaging roundtable discussion focused on the foundational legal documents every family business needs. The conversation was filled with practical advice, cautionary tales,
Essential Documents for Your Family Business – Succession Planning Read More »
Navigating the Identity Crisis When Selling Your Company More than a business owner—who am I beyond the company I built? Navigating life after the sale starts with redefining your identity and future goals. Exiting a family business is a milestone many owners dream about—but it’s also one of the most challenging transitions you’ll face. Personal
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The most resilient businesses are ones that expect the unexpected. Life-altering events like Death, Disability, Divorce, Disagreement, and Distress — which are known as the “5 Ds” of succession planning — may be unexpected, but that doesn’t mean you can’t plan for them. While no succession plan is foolproof, you can stay on track if you
Succession Planning Strategies When Life is Unpredictable Read More »
Mark Swepston spent his professional life building an already strong company, Atlas Butler, into an even more vibrant, community-oriented organization that is a nationally recognized leader in comprehensive HVAC and plumbing solutions. Yet with this success, as a third-generation family business leader, he had a nagging concern: What would happen if he suddenly left the firm?
Succession Planning Critical to Family Business Vitality Read More »
When it comes time to transfer your family-owned business on to the next generation, there is an incredible array of questions you’ll need to answer and options to consider. It’s not as simple as handing them the keys to the door. Although there are many additional estate planning tools and options, there are four main
Succession Planning: Transfer Tools & Options Read More »
At the October Monthly Educational Program: Should We Keep It or Sell It? A Family Business at a Crossroads Jon Eesley with Windsor Advisory Group sat down with Bill Mead, formerly of Golf Car Company, about his experience selling his family business. The discussion was open and impactful, with Bill Mead sharing personal details while
Succession planning in family businesses is a critical process that ensures the stability and continuity of the business across generations. This process is characterized by developing, documenting, and communicating a comprehensive plan that aims for an orderly and successful transition. The journey towards this goal begins with the current generation of owners and operators who
As a business owner, you’ve poured your heart and soul into building your company. But have you given thought to what happens when it’s time to step away? Exit planning is a crucial step that many entrepreneurs overlook, often until it’s too late. Let’s dive into why exit planning matters and how you can start preparing for your business’s future today.
Securing Your Business Legacy: The Essential Guide to Exit Planning Read More »
At Conway Center for Family Business, we always tell our members that it’s never too early to think about family business succession planning. Too late, for sure. But too early, never! With that in mind, where are you in your family business succession planning journey? These guidelines might help you to start thinking about how
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