The primary mission of Financial Poise™ is to provide reliable plain English business, financial, and legal education to individual investors, entrepreneurs, business owners, and executives, and to help trusted advisors do the same.
- Home »
- Succession Planning
Articles tagged: Succession Planning
Why Managers Must Seize, Retain and Share Tribal Knowledge in the Workplace
Your employees’ undocumented knowledge and experience leaves with them. What is the cost of not keeping tribal knowledge in the workplace? Read More
Revisiting the Three Circle Model of Family Business to Strengthen Governance Structures
It’s been 40 years since Gersick introduced the Three Circle Model for Family Business. How can you assess governance maturity in each circle? Read More
As Leaders Age and the Unexpected Strikes, Developing a Succession Plan is Mission Critical
The average S&P CEO is 58. Are businesses ready for transition? Developing a succession plan should be on every company’s agenda early on. Read More
How to Create a Family Business Charter
Successful family businesses often create a Family Charter or Family Business Constitution—a written agreement to guide decisions on boards, succession, hiring and more. Read More
Not Making Business Decisions = Making Bad Business Decisions
When Werner Co. faces growing pains, its president avoids making business decisions that could jeopardize the company—but his inaction is still a decision. Read More
Small Business Transitions: Semi Retirement for Entrepreneurs
Before small business owner Jan can improve her life and work balance and enter semi retirement, she must prepare her business to run independently. Read More
How to Find the Right Business Buyer for Your Company
What kind of business buyer should you approach to sell your business? Find out where to meet financial, strategic and operator buyers. Read More
How Family Business Succession Planning Becomes Succession Implementation
Family business succession planning requires discussions about ownership, leadership, payment and other issues to smoothly transition from Gen 1 to Gen 2. Read More
Planning and Staging a Company for Transition
Are you planning to sell your business or otherwise transition its leadership? Here’s how to plan and stage your company for transitioning at maximum value. Read More
Protect Your Family Business with Smart Succession Planning
Clarifying Roles and Responsibilities for Smooth Transitions In family business, a succession plan guarantees continuity. It ensures a smooth transition of leadership so that the business can carry on. Where no succession plan exists, the risk of turbulence and conflict is high. Creating a succession plan is a fairly straightforward but necessary task. It details […] Read More