Late last year, I wrote a blog about using the Christmas Dinner Test as the measure of the true success of a succession plan. Two sons were committed to taking…
“Can you help my son take over my business?” The business owner was 60, looking to semi-retire. While his 23-year-old son was working in the business, he was showing little…
“I think we might be focusing on the wrong metric!” For the past hour I had been in conversation with two brothers mapping out their plan to take over the…
Over my years as a business coach and mentor, one pattern emerges repeatedly: business owners want to implement change but struggle to follow through. To try and explain why this…
Andrea loves the TV series “Downton Abbey”. It was a no brainer that when the latest Downton Abbey movie was released, I was “dragged” along to see the movie. In…
In a recent conversation with a client, he did not want to talk about the succession plan per se but about the practical problems arising from trying to implement that…
In my years of working with business owners, I found that owning a business is remarkably similar to raising a child – with one crucial difference. While children eventually grow…
During a coaching conversation about what it takes for a successful business succession, a client shared his journey as a third-generation owner of a thriving manufacturing business. He recounted how…
In the world of business, few moments carry the complexity and emotional weight of transitioning a family-owned business from one generation to the next. While succession planning may appear straightforward…
For a business owner selling a business it is a whirlwind of emotions and activities. From the initial decision to sell to the final handover every step along that journey…
About six months ago I connected with a business owner, who wanted a conversation about developing a succession plan, the outcome of which would mean him leaving the business. During…
In my Insights post on 21 April 2023, I outlined my conversation with a couple who were looking to exit a business they created and worked in for the past…
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