November 24th, 2007
Business Control - Perils Of Succession
Each of our last three clients had issues that could be traced back to their previous family members ownership. All too often the preceding owner is a strong person, respected in the community, respected within the business, and they are the CONTROL. The problem is that since a person is the control, he or she determines what good is for the organization. Thus, problems can be covered over by them saying, I’m already successful and I must be doing it right, and the successor family member begins to learn a dangerous method of management.