Featuring: Todd Feuerman
Family businesses account for two-thirds of all companies worldwide and create 50 to 80 percent of jobs in most countries. Family founders stand to benefit from a ready-made team of loyal, dedicated relatives, a pool of obvious successors and the ingenuity of the next generation. Of course, working with loved ones presents its own set of challenges. To keep the peace, you need clear-cut roles, boundaries and ground rules.
In this article written by Michelle Goodman of Entrepreneur.com, Ellin & Tucker’s Todd Feuerman joins the conversation regarding tips to help families develop a finely tuned succession plan.
To read the article, please visit 7 Tips For a Thriving, Sustainable Family Business That Lasts on the Entrepreneur’s website.