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Tag Archives: Succession Consulting

Failure to Launch (Your Succession Plan)

Everyone who owns a business understands the need to have a carefully designed succession plan to ensure the sustainability of the operation for the long term, starting with a smooth “handoff.” While it sounds rather easy to draft and implement such a succession plan, reality is far different—and one of the biggest stumbling blocks are owners who just won’t let go. The MIT Age Lab and Hartford Funds, as part of its research into the benefits and challenges of living longer, came up with … Read More >

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The Process of Preparing a Successor

While it’s certainly human nature to focus on the here and now—relegating the future to the back burner—when it comes to operating a business successfully over the long term, it’s critical for leaders to choose and groom their successors. The fact is, the more valuable a leader is to his or her operation, the less valuable the business is. With the goal of succession being a seamless transition, the best-case scenario is to be able to follow a carefully orchestrated plan to achieve that … Read More >

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