Succession for your business is a STRATEGIC issue and not an incident of happenstance. Whether you are planning to sell your business, have a team of managers willing to carry the business forward, or your children plan to carry on the family legacy and tradition, you must plan in advance of making any decision in order to successfully transition your business. As a business leader, your “Final Test of Greatness” will be this transition; as the next generation of leadership, the role you play in this process will help determine your trajectory as a future leader of your company.
Below is a video from our seminar that featured Bill Yoh, chairman of Yoh and co-owner of Day & Zimmermann. Bill spoke candidly about the succession challenges his family faced in their company.
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