Succession Planning Articles

1). Nine Reasons Why Mentoring Matters to You By : Kevin
There are many roles we play or hats we wear in our lives. We are professionals, family members, brothers, sisters, co-workers, leaders, coaches, friends, parents, and neighbors to name just a few. While you may not wear all of the hats I listed, you can likely add several more that I left out! Many of these roles are a given – we don’t have much choice of having the role – they come with being a responsible adult.
Article Related to: mentoring, mentor, mentee, leadership and mentoring, succession planning, legacy, professional growth and mentoring, benefits of mentoring

2). Leadership Talent: Winning The Succession Wars By : Patsi Krakoff, Psy. D.
The demand for leadership talent greatly exceeds supply. If economic growth continues at a modest 2 percent for the next 15 years, there would be a need for one-third more senior leaders than there are today. Who will replace your retiring executives, and how will you keep your company's leadership pipeline full? The demand for leadership talent greatly exceeds supply.
Article Related to: leadership, management, change, team, development, business, career, succession planning

3). Executive Career Coaching: Providing Solutions To Succession Planning Challenges By : Jill Frank
Organizations today are facing several challenges and talent management is one of the greatest. According to a poll conducted by OI Partners, Inc., the number one challenge facing the HR profession is leadership development and succession planning. Attracting, developing, and retaining quality talent is more costly and has a greater impact on the bottom-line than ever before.
Article Related to: succession planning, talent management, executive coaching, war on talent, career

4). Succession Planning - Insurance For Your Business By : Paul Phillips
Succession planning is often talked about but rarely carried out. Sometimes we only think about replacements for a few key jobs. Often, not even that. Good succession planning can have big benefits.
Article Related to: succession planning, employee development, training, individual development plans

5). Selling Your Business - What Would Sam Zell Do? By : Dave Kauppi
Sam Zell, multibillionaire founder of Equity Residential (EQR) has approached the sale of his business the right way. Sellers of privately held businesses can learn a great deal from his approach. This article explores his process.
Article Related to: business broker, merger and acquisition, sell a business, succession planning, investment banker, m&a

6). Passing Your Family Business to the Next Generation - Succession Planning By : Dave Kauppi
When you consider retiring from your family business, don't assume that your kids want to follow in your footsteps. Selling may be the best economic decision for your family. Read on...
Article Related to: succession planning, exit planning, business broker, business sales

7). The Pricing Dynamics of Selling a Business By : Dave Kauppi
When you sell your business, the method of selling can have a major impact on your selling price. This article discusses the various selling methods and the relative values that result.
Article Related to: business broker chicago illinois, merger and acquisition, sell a business, succession planning

8). We Can't Talk Here! By : Wayne Messick
Here is a business successor who defines the expression "the man in the middle." Literally working between his dad and his uncle - separated by a glass and metal partition - for the past decade he has heard and seen a lot about what they will not talk to him about.
Article Related to: succession planning, business management, family business leadership, family business entitlement

9). Your Business and Your Estate - Succession Planning By : Dave Kauppi
Things don't always turn out fairly when the business owner leaves the family business to the next generation.
Article Related to: estate planning, succession planning, minority shareholder discounts, business broker

10). Ten Signs That It is Time to Sell the Family Business By : Dave Kauppi
A Business Owners Toughest Decision is deciding to sell. In many cases he ignores some market dynamics that fortell difficult times ahead. Those difficult times often result in a significant drop in the value of the business. This article will help you identify some of those signs.
Article Related to: business broker, succession planning, sell business, buy business, family business sales, merger acq

11). A Major Concern for Business Sellers - What Happens to My Employees By : Dave Kauppi
One of the biggest concerns of business sellers is what will happen to their loyal employees when the new owner takes over. There is a common misperception that the new owner will come in and slash and burn in order to hit their profit targets. The reality for the family business could not be farther from the truth.
Article Related to: business broker, merger and acquisition, sell a business, succession planning, investment banker, m&a

12). 6 Succession Planning Myths...Debunked By : Tara Flynn Condon
Of late, the topic of succession planning has sparked much concern. However, it seems few organizations have heeded the warning. According to a Human Resource Planning Society and Hewitt Associates study, fewer than 60% of companies have a succession plan in place. Below are some of the most common myths about succession planning. Myth #1: If there are no imminent retirements, succession planning needn’t be a top priority.
Article Related to: succession planning, talent management, human resources, hr, behavioral assessment, behavioral evaluation, personality assessment, personality evaluation, small business, family-owned business

13). Clone Your Successes by Planning your Succession By : Mike Teng
Many once successful companies have failed because of poor succession planning. Many entrepreneurs want their children to succeed them and take over the reins in their businesses
Article Related to: succession planning, corporate turnaround, change management, president suharto, tito, transform

14). Selling Your Business - Prepare for the Buyer Visit By : Dave Kauppi
A buyer visit is a very important step before receiving a letter of intent. Do not view it as a simple show-and-tell corporate tour. It is your chance to position your company in the best light to drive purchase price. It is also your chance to gather valuable information on the buyer in order for you to make yoru selling decision.
Article Related to: business broker, merger and acquisition, sell a business, succession planning, investment banker, m&a

15). Business Brokers - Bad Practices from the Big Boys By : Dave Kauppi
The business broker profession has earned a poor reputation with attorneys and accountants. This is largely the result of a few national firms that use questionable marketing practices. This article analyzes a real case and exposes the practice.
Article Related to: business broker, merger and acquisition, sell a business, succession planning, investment banker, m&a

16). Business Broker Versus Merger and Acquisition Advisor - The Monthly Fee Objection By : Dave Kauppi
This article discusses the selection criteria for a business seller in hiring either a business broker or an M&A Advisor.
Article Related to: business broker, merger and acquisition, sell a business, succession planning, investment banker, m&a

17). Selling Your Business - Groom or Hire Your Successor By : Dave Kauppi
One of the biggest mistakes that business sellers make is not having a capable successor in place as they try to sell their business. This results in huge discounts to their selling price.
Article Related to: business broker, merger and acquisition, sell a business, succession planning, investment banker, m&a

18). Selling Your Business - Should It Be a Do It Yourself Job? By : Dave Kauppi
Business owners are often too emotionally tied to their business to act on their own behalf in negotiations with a potential buyer.
Article Related to: business broker, merger and acquisition, sell a business, succession planning, investment banker, m&a

19). Successful Successions - Planning For The Changing Of The Guard By : Ingrid Cliff
Succession planning is not just about planning for retirement or on selling a business, managers need to plan successions for everyday events such as holidays, promotions and resignations. This article gives tips and strategies on effectively planning for everyday successions.
Article Related to: succession planning, transition planning, transition management, successions, business successions

20). Capital Gains Deferral in a Business Sale By : Dave Kauppi
The second most important consideration in the sale of the business is the tax situation. Even though capital gains taxes are comparatively low compared to ordinary income, a business sale usually invokes an eye popping tax bill. We have discovered a very effective to help reduce the effects of capital gains taxes in a business sale.
Article Related to: business broker, merger and acquisition, sell a business, succession planning, defer capital gains tax

21). Planning to Leave Your Business to the Family By : Dean Hanewinckel
Early planning is essential for a successful family business succession.
Article Related to: family business, succession planning, estate planning

22). Sell a Company - How is the Selling Price Determined? By : Dave Kauppi
Business valuations are a valuable tool to set a range of prices when you sell a business. The only true way to determine value, however, is to present the business to the universe of buyers in a true open market bidding process.
Article Related to: business broker, merger and acquisition, sell a business, succession planning, investment banker, m&a

23). Selling the Family Business - A Single Buyer is a Prescription for Failure By : Dave Kauppi
Many business owners get approached by a single buyer with an unsolicited offer to buy the business. This article discusses the pitfalls of entertaining this single buyer and what to do to improve your odds of getting a fair outcome.
Article Related to: business broker, merger and acquisition, sell a business, succession planning, investment banker, m&a

24). Do You Overlook Generation X? By : Terry Germany
Generation X is motivated by positive work relationships and a breadth of opportunities to continually develop their skills and expand their knowledge.
Article Related to: succession planning, learning management system, employee performance management