Succession planning isn’t just about retirement. It’s a comprehensive strategy for transferring ownership, leadership, and ...

Many families have stories about what goes wrong when transition planning is ignored. Lance Woodbury (pictured at top) specializes in legacy planning, land transitions and succession for more than 25 ...

Current farm owners should evaluate their tax situation to learn the best steps to transfer to the next generation, but “this is the best time ever to transfer because of the estate tax at the federal ...

Fear is rarely acknowledged in leadership conversations, but in my experience, it is one of the biggest barriers to building successors.

As advisory firms increasingly invest in artificial intelligence, experts say the next generation of leaders will have to ...

Succession planning helps staff pursue interests and obtain training needed, helps agencies ensure that qualified successors will be ready to take the lead, and helps leaders leave a legacy of ...

Building a thriving advisory firm is a significant accomplishment, but what happens to the business, and your clients, when you’re ready to move on? A comprehensive succession plan can help answer ...

A few weeks ago, I outlined the importance of making an exit plan—strategically mapping out a path to eventually leaving your business. There are many ways to exit a design firm, but one of the most ...

The challenge of succession planning isn’t new. But founders have more solutions at their fingertips than ever before.

Transitions can be messy. Change is hard enough on a personal level, and the idea of company change may feel overwhelming. The National Center for Construction Education and Research reports that 49% ...

Proper board succession planning—the systematic process of identifying and placing qualified candidates in current or upcoming board seat vacancies—is vital for corporate stability and continuity.