Family Business

Family business succession strategy – communication is the key

06/10/16 - Exit Planning, Family Business

In over thirty years advising family businesses, the most successful succession plans I’ve seen have been the ones where there was solid stakeholder engagement – in other words – good communication within the family. Even if you think everyone is aware of what is going on and generally on the same page, don’t leave things to chance for people to fill in the blank spaces. Fill them in for them.

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Mature man with his son in their artisanal handicraft traditional textile factory