Do's and don'ts for bringing the next generation into the family business
Published in: The Family Business Advisor
Written by: David Ransburg
Any transition is essentially a hand-off, much like runners in a relay passing the baton or a trapeze artist swinging from one bar to another. And, just like a relay team requires each successive runner to be in position and ready to run hard and well, the transition of a family business requires a new generation that is ready to take the baton-both in the right positions and adequately prepared.
Welcome to the family business.