Family Succession
Written by Wendy Dickinson
According to the PWC Business Survey, only 18% of family-owned businesses have a succession plan. This is difficult because it's tied up with the fact that owner is going to retire. It seems there are a number of reasons given for this; economic uncertainty for one. Family Sucession Planning should be a priority for every company who wants to pass on the business to next generation. There might be many questions
like who will manage the business, how the ownership will be transferred, how will other family members handle this decision and many more.
Succession Planning gets tougher with family businesses as relations and emotions are involved.
It is advisable to start business sucession planning early. Five years sounds good, ten years is even better. Most of the business advisers tell success minded business owners to build the exit strategy right into the business plan.
Read the blog "Family Succession " and know the major steps to make progress towards setting up a succession plan that allows that next CEO, your loved one, to gain the learning and experiences that he, or she, needs to succeed as CEO.
Article author
About the Author
Wendy is the founder of Ascend To Sell. She coaches business owners on the psychology of transitions, specifically, mergers, acquisitions, family succession. The power of Wendy’s experience comes in the integration of psychology, coaching and as a former business owner who successfully sold her business.
Further reading
Further Reading
Article
مراقبة أنظمة الذكاء الاصطناعي ودورها في إدارة التكنولوجيا داخل الشركات
المراقبة تساعد الإدارة على فهم الأداء من خلال مؤشرات واضحة، يمكن للإدارة معرفة ما إذا كان النظام يحقق الهدف الذي تم إطلاقه من أجله. على سبيل المثال، يمكن متابعة سرعة الخدمة، معدل الأخطاء، استخدام الموارد، وجودة المخرجات.
September 19, 2026
Website
ViitorX The Rise of Immersive Experience Centres
ViitorX is a digital experience and immersive technology studio based in Ahmedabad, India. We design and engineer immersive experience centres, interactive environments, and digital storytelling systems for museums, events, enterprises, and cultural institutions.
September 3, 2026
Article
The Call Center's Evolving Role: Orchestrating Returns, Fulfillment, and Total CX
Introduction There was a time when the call center was seen as a place where phones rang endlessly and agents simply answered questions. That picture has changed dramatically. Today the modern call center sits at the center of customer experience, quietly coordinating returns, managing fulfillment concerns, and shaping how customers feel about every interaction with a brand. Instead of reacting to problems, teams now guide customers through complex journeys. Their role has gr
February 6, 2026
Article
PAX A30 Review 2026: Is It the Best Android POS Terminal?
Choosing the right POS terminal is more important now than ever. With customer expectations rising and payment methods changing quickly, businesses need a device that works fast, stays secure, and handles different payment types. The PAX A30 is a popular Android POS terminal that has gained attention for its modern design and strong features. In this review, we look at how well it performs in real life, what makes it stand out, and whether it can truly be called the best Andr
January 17, 2026