Where to Start
Address the Family Aspects of Your Goals
Share the Vision
Ensure that the family is on the same page while considering family values. Having a shared vision for the direction of the family business is critical during the succession planning process.
Build a Strong Foundation
Develop a Family Charter
Having a family charter in place is essential for guiding future generations. A well planned family charter provides a road map as well as a set of guidelines for the future of the family business.
Establish a Forum
Set in stone a time and place to talk about the direction of the family business as well as to discuss the families business values. This ensures that the family remains up to date on the direction of the business as well as the values that it holds for the future.
Create an Action Plan