How would your family and business survive with the sudden loss of a key family member or executive?
In a recent survey by the American Management Association Corporate Learning Solutions only 14% stated they were ‘well prepared’ to handle such a crisis. This is an extremely low percentage of businesses that believe they are prepared.
How prepared is your Family Business for a sudden loss requiring the transition of ownership of the business and transition of management of the business?
The Transition of Ownership and the Transition of Management are not necessarily the same and should have two different plans.
Let me know your thoughts, or give me a call.