Family Business Succession Planning

Succession Planning When No One Wants to Succeed You

A mid-sized manufacturing entrepreneur from Gujarat, now in his early sixties, had built his machine-parts business over the course of four decades. His two sons had settled abroad, one in Toronto, the other in Singapore, both successful, both clear that they did not want to return to run the family business. During a quiet family lunch, he finally asked the question parents often avoid:– Would … Continue reading Succession Planning When No One Wants to Succeed You