In my many conversations with manufacturing industry leaders, succession planning consistently emerges as a critical challenge. When business owners start thinking about succession, it’s often because ...

A properly designed succession plan creates a better outcome for farm owners and their successors. The primary purpose of succession planning is to preserve, protect and promote the family’s most ...

Unlike traditional employees, business owners often have income tied directly to company performance, fluctuating cash flow, and ownership equity. A significant portion of their net worth may be ...

A good exit plan should create clarity quickly, then convert that clarity into actions that increase options and value.

We live in a world where many are chasing the American dream. For many, that includes making a living doing what you love and could mean owning your own small business. However, as the owners of small ...

If you want to be on the positive side of those numbers, you need to start planning the succession almost as soon as you start or acquire the business. The process requires transparency and honesty, ...

Your farm’s future path might be winding and complex but starting the process can be simple. “Your organization needs your knowledge, skills and abilities, and they also need to plan for a time when ...

Succession planning encompasses a broad spectrum of activities, from identifying potential successors to transferring control of day-to-day operations and aligning the transition with the strategic ...

Rupert Murdoch created and built a monumental legacy over the course of his lifetime. As the founder of News Corporation, Murdoch built a global empire, which includes influential media outlets like ...

Even modest estates can trigger significant inheritance tax liabilities – but the earlier you plan, the more options you have ...