In my work with agricultural families, I’m seeing a growing and difficult reality: many farms and ranches today don’t have a successor within the family. While this absence can simplify parts of ...

Susan Reavis — the former owner, consultant and board of directors treasurer at Reems Creek Nursery — shares the importance ...

While 69% of farmers expect to transfer their operation to the next generation of family members, too many are misplacing ...

Black-owned businesses face alarming closure rates without proper succession planning. Discover essential steps to protect ...

The Hamilton family farms 3,000 hectares, primarily wheat, barley and canola across three separate sites, with property ...

Family business consultant Ivan Lansberg accepts the complexity of the succession planning process. However, he advises that 12 tasks must be accomplished during continuity planning.

Family business consultant Ivan Lansberg accepts the complexity of the succession planning process. However, he advises that 12 tasks must be accomplished during continuity planning.

Joachim Schwass, professor emeritus of family business at the Swiss IMD business school, says that poor succession planning is the biggest risk for prominent family companies.

shift—running the business demands all his attention, and succession planning gets quietly pushed down the priority list. It is a pattern that repeats itself in many organizations, large or small.

Business succession plans are not always formal and are not always in writing. However, regardless of the size of a business, use of a written business succession plan, even if brief, can minimize ...

This downloadable template for Family Business Succession Planning can provide a first look at starting your own planning process.. Start by joining a Conway Center peer group ...