Family businesses are facing the most explosive challenge in a generation. A new book by Jenifer Bartman and Evelyn Jacks addresses the challenge head on, and explains how advisors and their clients who are business leaders can defuse this potential time bomb: late succession planning. Advisors can also shore up their professional skills by studying the problem in depth in a new certificate course from Knowledge Bureau.
Business leaders are under siege, but many may not know it yet. The unique issues affecting business owners today are significant, with additional evolution and challenges occurring with each day that passes.
Excerpted from Chapter 10 of the Business Leadership, Culture and Continuity certificate course, also available as a component of the MFA – Executive Business Growth Specialist designation program.
Prioritizing succession planning can help reduce the impact. Here’s how:
Additional educational resources: For more information on the core issues affecting business owners today, order your copy of Defusing the Family Business Time Bomb, by Jenifer Bartman and Evelyn Jacks. Advisors and business owners may also wish to take two relevant and very valuable certificate courses from Knowledge Bureau: Business Valuation for Advisors, and Fundamentals of Succession Planning.
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