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20Jan2019

Family Business Succession: conclusion

  • By Ian Bradley
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  Start Early As discussed in the previous post, most psychologists specializing in the area recommend thinking about succession as a long-term process rather than as a defined event, or worse, an anointment. Some even recommend that the process begin years before the actual succession. Ironically, long-term thinking does occur, perhaps as a father watching
13Jan2019

Family Business Succession: the dance

  • By Ian Bradley
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  Typically when I consult with family businesses thinking about succession, I first meet with the founder, then the aspiring members of the second generation – but very quickly I try to gather everyone in the same room. With the encouragement of honest but non-adversarial conversation, my hope is for both the founder and successors
01Jan2019

Family Business Succession: my experience

  • By Ian Bradley
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In my work with family businesses, I find that succession planning is like taxes- it’s painful to do but the consequences of a failure to act are worse.   The pain is related to the myriad complexity of financial, legal and tax succession considerations but what is even more daunting to family members are the
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