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Succession Planning and Leadership Transition in Family Businesses

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Succession planning is one of the most critical priorities for family businesses. A well-prepared leadership transfer not only secures the continuity of the enterprise but also strengthens family relationships and supports sustainable growth. Start with a Strong Plan Boards and family councils are wise to put succession on the agenda early, addressing both emotional and practical considerations. A robust plan includes succession readiness, bridging competency gaps, and evaluating both internal and external candidates. Invest [...]