Category: Family Business Succession Articles
Practice Succession: passing on a legacy, or just selling-out?
A tale of two practices … In 2011 the first Baby Boomers reach 65 – the traditional retirement age for western males. The Boomer generation’s enormous energy, fed by aspirational consumerism and decades of relative peace and prosperity, spawned an explosion of entrepreneurial businesses and professional practices. Many of the owners and leaders of these […]
Read MoreKeeping it (your business) in the Family
The Challenge So you’ve built a good, even a great business, and it’s getting towards that time when, for whatever reason, you want to step out, back, or sideways. You need someone else to take over the helm. But, the last thing you want to do is desert everyone who’s supported you over the years, […]
Read MoreAll in the Family: why Succession Planning is Important
Assisting family businesses can involve many complex issues and profound challenges – from resolving sibling rivalry to handling dysfunctional intergenerational expectations. Perhaps no problem is more complex, for both the family and the business, than succession planning. Accountants, acting as trusted advisers, have an important role to play in helping families to resolve issues and […]
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