Generation handover

It is without a doubt one of the most important business decisions ever made, and certainly the toughest. Consider-this-hard-fact: only around one third of family businesses survive into a second generation. Transition for a family business is; once-in-a-lifetime decision. And perhaps no challenge has as much potential to aggravate the special stresses or contrary highlight the special advantages of operating a family business.

As hesitant as many families may be to confront this difficult issue, the vigor and longevity of a family business depend on careful transition planning and on communicating planning results at the right time to the right stakeholders. By doing so it will increase the possibilities that your business will endure well beyond the leadership transition, affording lasting value to your family.

We invite you to contact us to explore how we can help you turn this biggest challenge into one of your greatest opportunities to create a legacy of success.