Family Business Succession: The Final Test of Greatness is the first volume in the series. In its pages you will learn-- * the components of an effective succession plan, including successful * financial and estate planning * when to begin the succession process, how to select and develop the * best candidate(s); * how to communicate the plan to family members and the organization; * how to prevent and resolve conflicts and tensions; * how to overcome resistance to transferring power, as well as ideas * for new roles, new careers and other post-retirement activities; * ways to ensure the financial security of retiring parents or other owners; * what valuable assistance can be provided by outside advisors or a board of directors; * how to avoid common post-succession mistakes and problems; and much more... Family Business Succession shows you how to turn succession from a potentially explosive crisis into a renewed commitment to the business and the family. It is fast-reading, and filled with real-life cases, practical tips and useful checklists.
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