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A Nonprofit Board Chair’s #1 Responsibility

Succession Planning in Nonprofit Organizations

Holding the role of board chair of a nonprofit organization is a large and fulfilling responsibility.  Along with serving as the direct supervisor of the chief leader of the nonprofit, the board chair must oversee meetings and ensure all other board members are fulfilling expectations. Among these important tasks is…

Finding the Right Fit: Choosing a Successor for Your Family Business

Whether you are the owner of a family business or a key member of leadership, choosing your successor is one of the most important decisions you will ever make for the future of the business. The right person can help your business continue to thrive and grow, while the wrong…

Who Will Take Over the Family Business? – The Succession of a Family Business

When it is time to address succession in a family business, there are many considerations that need careful attention.  Most family business owners will naturally look to the next generation for the successor.  This hand-off is not a decision that should be assumed by either generation.  For the sake of…

What Is Family Business Succession? (And How Do I Make It Successful?)

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 of Top Leaders in a Family Business: What You Need to Know

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…

8 Emotional Lessons of Succession

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.…