Preparing For The Next Generation
Updated: Jun 17, 2022
Are you looking to transition your family-owned business to the next generation?
Have you prepared your adult child so they will be successful when the time comes?
If you'd like to learn more, listen to this quick video as we discuss the top 3 things you should do to prepare for the transition.
Do they really want the job? If so:
Consider working for someone else for at least 2 years
Develop a job description and success profile to replace yourself. Compare your child.
Develop a strong advisory Board to advise before/during/after the transition
If you'd like to discuss further, let us know at www.richhallgroup.com/contact.