In my many conversations with manufacturing industry leaders, succession planning consistently emerges as a critical challenge. When business owners start thinking about succession, it’s often because ...

Effective business structuring and succession planning are vital for long-term success and smooth transitions. However, many business owners and their advisors fail to consider the broader ...

Succession and legacy planning is a process that when it is done right adds certainty and relief for families, Lance Woodbury ...

While two-thirds (64 percent) of business owners have a succession plan in place, a new study by Edward Jones highlights the complexities and emotional challenges entrepreneurs face in preparing for ...

You are able to gift 5 more articles this month. Anyone can access the link you share with no account required. Learn more. STATE — In Maine, senior farmers aged 65 or older operate about 30% of the ...

What makes a family farm great is often what creates its biggest challenges: a deep passion for and love of the business, pride in ownership and staunch opinions about its operations. “It’s the ...

Only about one-third of family-owned businesses have a concrete succession plan, highlighting the risks of internal conflict and instability. Rupert Murdoch’s succession woes underline the importance ...

In my opinion, one of the biggest issues preventing families from making a succession plan is parents being afraid their children will somehow feel they love them less. They fear their kids will be ...

Succession planning is fraught with potential missteps. By examining common mistakes, businesses can employ proactive measures to sidestep pitfalls that have ensnared others. Delaying the Planning: ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Transitioning a family-owned business to the next ...