How Can You Ensure Your Business Will Remain Viable for Generations?

Whether you've started a thriving business from scratch during your working years or have taken over and expanded a business that's been family-owned for several generations, you may be concerned about your business succession plan (or lack thereof). In fact, only about three percent of family-owned businesses remain family-owned into the fourth generation. This demonstrates the difficulty of adequate or appropriate succession planning. Fortunately, there are some strategies that may ensure the continued success of your business without pitting family members against each other in day-to-day interactions. Read More