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Passing on the Family Business: How to Prepare the Next Generation

Posted by controlyourbusiness 1 days ago (https://www.controlyourbusiness.com.au/)

Description: Passing on the family business can be an exciting opportunity, but it can also create difficult decisions for families. A successful family business transition requires more than choosing who will take over. Ownership, management, responsibilities, expectations and family relationships all need to be considered. Start the Conversation Early Family business succession shouldn't be a surprise announcement. Starting conversations early gives family members time to understand the owner's intentions and discuss their own goals. It can also provide an opportunity to identify disagreements before they become major problems.

Category: Business

Tag: Passing on the Family Business

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