When a family business is part of an estate, succession planning is vital. Who’s going to run the business after the founder(s) pass on? The kids may not have the financial temperament or business skills to step into Mom or Dad’s hard-to-fill shoes. Personalities play a big part in the success or failure of business succession. How do you talk about this topic with your clients? You can get a little help from Hollywood in starting the succession planning conversation. Here are some films and … [Read more...] about Encouraging Succession Planning with Movies
Succession Planning
No One is Indispensable, Not Even You
Robert Armstrong’s inspiring recent blog, “Unlimited Possibilities,” referenced the attitude of Apple’s Steve Jobs. Jobs sees death as “the most important tool I’ve ever encountered to help me make the big choices in life.” Jobs has courage. He is also a smart planner. When Jobs announced that he was stepping down as CEO, there was no ripple in the company’s stock price, as is usually the case when a high-profile executive leaves a company. In fact, the stock fared better that day than the … [Read more...] about No One is Indispensable, Not Even You
