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Archive for Category: Business Succession

Business Succession Planning in California: What Every Business Owner Needs to Know

Most California business owners are experts at building their businesses. Very few are experts at protecting them. Succession planning remains one of the most overlooked

Advantages You Get with a Multi-Generational Business

A multi-generational business is a family business in which members of two (or, in some cases, three) generations all work together. For instance, a man

Bringing Children Into Your Company Can Be Difficult

Conventional wisdom says that business succession planning should start with bringing a child into your company and working alongside them. This gives them first-hand experience

In Can Help For Children to Have Outside Work Experience

You own a family business. For your child’s entire life, you have assumed they would take over that business. They’re counting on it. Do you

3 Interesting Modern Business Succession Topics

The business world is changing, and that can impact a family’s succession plan. When much of the family’s wealth is tied up in a family

Do Employees Stay As Your Business Changes Hands?

As you prepare to move on from your business, you start thinking about your employees. Do they now face an uncertain future? Or will they

Small Business Statistics in the United States

If you’re planning to pass a small business on to your children, you cannot understate how important it is to have a good succession plan.

How Can You Plan to Make Your Business Last?

While thinking about business succession planning, you have probably come across some rather daunting statistics. For instance, a massive 70% of family businesses do not

A Family Business is Not an Easy Career

You own a family business. It’s been successful, but you worry that your children simply see it as an easy career. By virtue of the

Can Your Child Actually Run Your Company?

Ever since you started your business, it has been your dream to pass it on to your children. You want them to love it as

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