Succession Planning
I Have Seen Million-Dollar Businesses Crumble Because They Didn't Have a Succession Plan. Here's How to Ensure Your Legacy Doesn't Go Down The Drain.
If you want to be on the positive side of those numbers, you need to start planning the succession almost as soon as you start or acquire the business.
Your Company's Legacy is at Stake Without Succession Planning — Do These 8 Things to Secure Your Future.
So much entrepreneurial effort goes into starting and growing a business, yet one of the most overlooked issues is keeping it going beyond the founder. This article delves into eight strategies you can leverage to plan succession for your company.
Is Selling Your Business the Only Way Out of Burnout? Here Are Five Alternatives to Consider Instead.
When you're burning out as an entrepreneur or business owner, it can feel like selling your business to an outside buyer is your only escape — but I'm here to tell you there are other options. Here are a few to consider if you're unsure about handing over the reins.
Apple CEO Tim Cook Dishes to Dua Lipa About His Succession Plan: 'I'll Be There A While'
Cook spoke with the pop star on the latest episode of her "Dua Lipa: At Your Service" podcast.
I Toured Hidden-in-Plain-Sight Places Where the Wealthiest People in New York Spend Their Time. Here Are 3 Ways They're Living Differently.
Life can be a lot easier when you have money — but not always.
How to Start Thinking About Retirement Before You Plan to Retire
When my husband told me he was planning to retire and was not worried about it, I wondered if I should be.
Running a Family Business Means You Need to Prepare Your Kids to Take Over — Here's How to Do It Right.
Planning to pass on your business to your kids? Preparing them for the next phase of your business is a complex and multifaceted process — so here's what you need to do.
1 in 10 Leaders Say Succession Planning Is Not Worth the Time and Money It Costs — Here's Why They're Wrong.
While seemingly straightforward, succession planning for business owners can take several different forms, each with its own set of pros and cons. You need to understand your options when you inevitably sell or pass down your business someday.
'Wolf in Cashmere' Bernard Arnault Has a Cutthroat Reputation. In a 'Succession'-Like Drama, He's Eyeing His Replacement — and It Might Not Be Family.
The billionaire, once the richest man in the world, is keeping his options open.
'Work Your A-- Off and Give a S--t': Jamie Dimon Offers Advice to His Future Successor
The Chairman and CEO of JPMorgan Chase detailed his feelings on the ideal traits of his successor at JPMorgan Chase's 2023 Investor Day.
How to Sustain a Family Business Across Generations
It can be tempting to assume the next generation is ready to take over your company and allow you to enjoy your twilight years, but you must ensure they have time to develop skills and realize their identity.
A 4th-Generation CEO Reveals How to Avoid 'Succession''s All-Too-Real Dysfunction in Your Own Business — Family-Run or Not
Julie Charlestein, CEO of Premier Dental Products Company, shares four essential tips for a successful leadership switch-up.
I Advise the Real-Life 'Logan Roys' of the World. Here's Where the 'Succession' CEO Went Wrong.
Based on my experience working with and counseling the real-life Logan Roys of the world, here are five lessons the Roy family could benefit from learning.
Want Your Succession Plan to Succeed? Avoid These 8 Stumbling Blocks.
Key steps along the way can protect you - and the business you're selling.
How To Create A High-Performing Strategic Plan
A high-performing strategic plan is the roadmap for your business and will help guide you through all kinds of decisions you'll be making.