construction-succession-planningIf you’ve decided that it’s time for your kids to take over the family business, there’s more to it than simply handing them the keys. You need to have a succession plan. We can’t give you a template, as there’s no single “right” way to do it. But you do need to have a plan.

In a good succession plan, roles are clearly defined. “Everybody can’t run the company,” says Champ Rawls, associate planner at The Rawls Group, LLC, an Orlando, Florida-based succession-planning firm. “You have to clearly outline what everybody’s responsibilities will be.” 

Read the complete article on the Irrigation and Green Industry website

Article written by: Mary Elizabeth Williams – Villano


Family Dynamics and Family Governance
Family and Business alignment is hard to find when business issues liven up family dynamics.

However; with proper process, governance policies and mutual respect built over time, a Family Business can thrive through  multiple generations. Click the following links for more drill down resources on  Family Dynamics and Family Governance.

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Contact us and we can help you with insights, other resources, and see if it makes sense to work together. At the very least, in 30 minutes, you may get some ideas you can apply to your business right away.