Start Succession Planning Now

The majority of North American businesses are family owned and many are facing ownership-transfer issues as the baby-boomer founders enter retirement. On the eve of a retirement, or following a death, family-run businesses have four basic choices. The first two...

Business owners: Put your successor in a position to succeed

When it comes time to transition your role as business owner to someone else, you’ll face many changes. One of them is becoming a mentor. As such, you’ll have to communicate clearly, show some patience and have a clear conception of what you want to accomplish before...