Successful leadership transitions require thoughtful preparation, planning — and time. Ideally, planning should begin one to three years before an executive’s departure. To help board members and ...

Many advisors haven't yet begun putting together an exit plan. Experts say there are common features and defined timelines ...

Succession planning is the work of preparing a business to operate well when the current owner steps back. That could mean a ...

If you're waiting for the perfect time to start succession planning for your insurance agency, here's your wake-up call: The perfect time is now. Stop procrastinating on securing your legacy and ...

Proper board succession planning—the systematic process of identifying and placing qualified candidates in current or upcoming board seat vacancies—is vital for corporate stability and continuity.

Succession planning encompasses a broad spectrum of activities, from identifying potential successors to transferring control of day-to-day operations and aligning the transition with the strategic ...

A few weeks ago, I outlined the importance of making an exit plan—strategically mapping out a path to eventually leaving your business. There are many ways to exit a design firm, but one of the most ...

Forest Dutton knows firsthand what can happen when an advisory firm lacks a finalized succession plan. Business goals cannot always put clients' best interests first. Here's why even the executives ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. Imagine you’ve spent decades building a business from the ground up. You’ve poured your ...

Succession planning is fraught with potential missteps. By examining common mistakes, businesses can employ proactive measures to sidestep pitfalls that have ensnared others. Delaying the Planning: ...