Succession Plans for Family Business: “An epidemic of cowardice”
Posted On March 12, 2019
Wayne Rivers studies family businesses that succeed in passing the business to the next generation and the ones that fail. The ones that succeed have a lot in common – they communicate regularly, they have dates agreed to, and they have a true, well thought-out business plan. The ones that fail? None of that. Only a loose commitment to the next generation that “this will all be yours someday.” Listen as Wayne diagnoses the deep, personal, and emotional challenges of passing the family business to the next generation.