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 ...

Effective business structuring and succession planning are vital for long-term success and smooth transitions. However, many business owners and their advisors fail to consider the broader ...

While two-thirds (64 percent) of business owners have a succession plan in place, a new study by Edward Jones highlights the complexities and emotional challenges entrepreneurs face in preparing for ...

Succession planning is fraught with potential missteps. By examining common mistakes, businesses can employ proactive measures to sidestep pitfalls that have ensnared others. Delaying the Planning: ...

What makes a family farm great is often what creates its biggest challenges: a deep passion for and love of the business, pride in ownership and staunch opinions about its operations. “It’s the ...

You are able to gift 5 more articles this month. Anyone can access the link you share with no account required. Learn more. STATE — In Maine, senior farmers aged 65 or older operate about 30% of the ...

Only about one-third of family-owned businesses have a concrete succession plan, highlighting the risks of internal conflict and instability. Rupert Murdoch’s succession woes underline the importance ...

A new statewide initiative, the Ohio Farm Transition Network (OFTN), has officially launched operations to address one of the most pressing challenges facing Ohio agriculture: helping farm families ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Transitioning a family-owned business to the next ...

Financial advisors face twin business challenges that are difficult to accomplish at the same time: succession planning and generational retention of clients. On the one hand, the veteran advisor aims ...

When I launched my financial planning firm, WealthChoice, nearly nine years ago, I wanted to serve clients the way I knew they deserved, build flexibility into my life and create a business that ...