The need to transition to the next generation is at the heart of all Family Businesses, regardless of age, industry or geographical location. Experts all agree on a singular fact: Succession Planning is a crucial and a necessary part of a family business. Research points to the various repercussions of not having a sound strategy in place. Many current owners are aware of the need for a sound succession plan and are looking to create a formal plan. Many do not know where and with whom to start the conversation. The following scholarly and best practices articles have been collected to help you understand the process and prepare you to begin the conversation.
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