When firms wait too long to plan, they often have no choice but to hire externally. That can be damaging at the management level, both culturally and operationally. It also sends a message to employees that there’s only so far they can go, and that’s discouraging.

Compare your farm’s succession plan to a 1,000-piece jigsaw puzzle. You know your end goal is a beautiful picture of family harmony, financial success and an operation that grows into the future. Power Hour Noon Logo for Rotator But to get there, you ...

Every company has a short list of considerations when it comes to strategic planning. Near the top of that list is preparing for potential — and sometimes inevitable — shifts in leadership. Every company has a short list of considerations when it comes ...

Carpe Diem: Breaking The Bottleneck Almost every business owner agrees that transition planning is important. Yet most have done little or nothing about it. With more and more baby boomers moving into retirement each day, the tension between intent and action is only going to grow.

Transferring assets can be one of the easiest parts of a succession plan. A bigger challenge is transferring management, knowledge and business acumen. “The economic reality is that for your business to succeed and continue successfully beyond you ...

Effective planning doesn’t have to be daunting, but it does require having the right advisors and a deliberate strategy. Here are essential steps to consider.

Stepping aside as a senior leader can so easily be misunderstood. To some, it looks like giving up. To others, it feels like failure. It can appear as though you have run out of answers or energy, or that you simply cannot keep pace anymore.