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The Case for Planned Business Transitions Retirement is a top ten most stressful life event. It is right up there with death, imprisonment, and divorce. Still, fewer than 30% of business owners have an exit plan, and almost half (48%) incur an “unplanned” retirement (meaning a health crisis) forcing them out. Given these striking statistics, […]

[Board members] hold management accountable for articulating and realizing a vision and business strategy that is in line with the values and mission set forth by the family. Mark R. Richards Family businesses thinking about a fiduciary board get concerned about “losing control”. This is a misconception unless the owner is transferring control to the […]