Articles Tagged with ''family''
Ideas for encouraging reluctant heirs to the family business include a solid business plan, financial support, profit-sharing plans, incentive bonuses tied to performance and/or milestones, developing an ownership transition plan, mentorship, educational/training opportunities and strategies for work-life balance.
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Farming and sports
Teams and farms are both dependent on having the right people in place and keeping them there as long as possible.
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How to start awkward conversations
Begin the transition planning conversation by keeping it light. Ask to have an initial conversation about transition planning at some point in the future, and encourage others to speak up about their vision for a successful transition.
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