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Planning For Exit & Succession

A well thought through succession plan and exit strategy is essential to every family business. What preparation is necessary to ensure the harmony and continuity of the business through the generations? For non-family business succession practices, go to Succession, IPOs & Mergers & Acquisitions.
Total 32 articles in this section.
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Retirement In Family Business'

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Tuesday 18 March 2008

Over 56% of family business owners see themselves working in the business beyond 65 years of age.

Family Business Succession Planning

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Wednesday 12 March 2008

Lansberg (1988) describes succession planning as the process of making the preparations necessary to ensure family harmony and continuity of the business through to subsequent generations, emphasising that these preparations relate to the future needs of both the business and the family.

Sale Of The Family Business

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Tuesday 11 March 2008

It is noteworthy that 75% of family business owners indicate that they would seriously consider selling their business, if approached; with 46.2% reporting having been approached within the last five years.

Why Family Business Succession Plans Fail And What To Do About It

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Friday 21 September 2007

Many researchers have concluded that a staggering 90% percent of family businesses fail by the third generation. However, my own research reveals a glaring omission in almost every family business succession plan: Matters of the heart.

Family Succession Begins On The First Day Of Work

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Wednesday 15 August 2007

Too often, a business owner comes to me with a problem of succession when it is too late. I am always aware of a refrain going through my mind - why did they wait so long? Why didn't they talk about these things before? Why did they let things go so far with such different sets of expectations in each of the major parties?

How To Succeed As Heir To A Great Entrepreneur

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Wednesday 15 August 2007

What an act to follow! Your father is Tom Watson, Henry Ford, John D. Rockefeller or George Bush. You may even share his name, but the life ahead of you seems fraught with peril. How can you possibly succeed?

Family Business Mentoring And All That 'Jazz'

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Tuesday 3 July 2007

A family business founder is a tough act to follow. Mentors must prepare successors to bear the burdens associated with the role.

Nurture The Talent

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Monday 18 June 2007

Family businesses extending to the third and fourth generation have always been rare but with high proportions of potential family business successors undertaking higher education, there is a crisis developing in the family business sector with regard to succession.

Succession Planning In Family Businesses - Managing The Tax Implications

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Thursday 7 July 2005

Succession planning initiatives for family businesses can be significantly impeded if the tax implications of the preferred courses of action are not taken into account by the owner.

Business Owners Shouldn’t Neglect Estate Planning

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Thursday 30 June 2005

Business owners usually have some sort of a business plan. They also frequently have key-person insurance in place. Some even have a succession plan in mind, even if they have not fully articulated it or have set up the business in a way that helps them achieve their plans. But even if business owners have all such risk management approaches in place, the chances are they still do not have a properly developed estate planning approach.

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