When family members are your coworkers, business can get complicated. This is especially true if you plan to pass your business on to family members after you retire. If you're running a family business, making a succession plan for the future is a must. Family business succession is a plan…
Succession planning is a big part of running a family business. It is important to have an effective plan in place for when the current top leader steps down, so that the company can continue to run smoothly and successfully. However, succession planning is not just about managing the business—it…
This article was originally published at familybusinessmagazine.com. In 2001, Mike Sipple, Jr. joined the family business, a boutique executive search firm, for the purpose of having a steady income to help avoid college debt. He studied landscape design and had his eyes set on using his creativity in that field.…
