Sangster, Family Business Transitions: Rising to the Challenge

Claudia Sangster, Co-Director, Norther Trust, Family Education and Governance, has made available for download her article, Family Business Transitions: Rising to the Challenge (May 2019). The summary is as follows:

• Only 12% of family businesses survive to the third generation

• Developing a plan and process to prepare the next generation of leadership can improve the odds of a successful transition

• Learn specific steps you can take to overcome two of the most common roadblocks:

• The next generation is not interested or prepared to lead the business

• Leadership has not planned or prepared for the leadership transition

To download full article, click Sangster, Family Business Transitions: Rising to the Challenge.

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal..

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