Tips for Sustaining Ownership
Listen to David Bentall as he outlines four measures that a family business can take in order to increase their chances of being successful in succession planning. In a family business, it is important to have an independent board of directors, to set up frequent family meetings, to create shared visions and to engage in formalized strategic planning. Though family business founders may be resistant to initiate various changes, many of these changes ultimately result in greater success for the family business.
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