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Everyone understands the importance of sound business succession planning though more than half of family business owners lack a formal, documented, and communicated plan for transitioning the business to the next generation of family members. Common struggles and emotional hurdles exist for both Founders and NextGen. In this episode we learn from Nike Anani, an award winning family business strategist and consultant, and her new book Lifetime to Legacy , about what those challenges are and how you can best navigate them to better support the succession planning process to ensure a healthy and smooth transition not only for the good of the business but also for the good of the family.
By Succession AdvisorsEveryone understands the importance of sound business succession planning though more than half of family business owners lack a formal, documented, and communicated plan for transitioning the business to the next generation of family members. Common struggles and emotional hurdles exist for both Founders and NextGen. In this episode we learn from Nike Anani, an award winning family business strategist and consultant, and her new book Lifetime to Legacy , about what those challenges are and how you can best navigate them to better support the succession planning process to ensure a healthy and smooth transition not only for the good of the business but also for the good of the family.