Insights

Notes on succession, written for founders.

• Inheritance is not succession

  Shares can pass quietly. A company cannot. The difference is the whole problem.

  6 min

• The thirty-day test

  If the business stops when you leave, you don't own a business. You own a job with employees.

  5 min

• Most succession plans begin too late

  The conversation starts when health, a child, or a buyer forces it. By then the options have already narrowed.

  7 min

• You do not have to sell

  Sometimes the right answer is a family transition. Sometimes it is to wait. A good advisor is willing to say so.

  5 min