A Brighter Way
A Brighter Way
Would you ask your son or daughter to cut down a tree without training them to safely use a chainsaw? Do you remember the first time you showed your kids how to mow the lawn or back the car out of the garage? As parents, we devote hours and hours of time to properly train our children to operate these potentially dangerous tools and machines.
Unfortunately, many parents have not trained their children to oversee the family business. As a result, many second- and third-generation business owners fail to properly mange the succession of the business. Is the proper leadership in place? Do the financial statements of the business accurately reflect the financial condition of the company?
Our professionals at Rea & Associates Inc. and Rea Strategic Solutions can assist your family with a plan for the succession of your business. If we can assist with a business succession strategic plan, please contact us.
This article was originally published in Illuminations: Facts & Figures from people with a brighter way, a Rea & Associates enewsletter, 8/17/2005.
Note: This content is accurate as of the date published above and is subject to change. Please seek professional advice before acting on any matter contained in this article.
