Family succession

Passing the baton from one runner to the next.
The Family Business Consulting Group
Passing the Baton in a Family Business

In Shakespeare’s King Lear, an aging king divides his kingdom among his daughters based on flattery. The daughter who speaks honestly is disowned, and Lear ultimately loses everything. This story is a cautionary tale for family furniture business owners: poor succession can erode not only the business you’ve built but

30 year old daughter talking to her parents inside a furniture store
The Family Business Consulting Group
The Transition Talk: Letting Your Parents Know You’re Ready to Lead

“We need to talk.” Those four words can be intimidating in any relationship. In family-run furniture businesses, they can feel even heavier—especially when what you need to say is: “Mom, Dad, I’m ready to lead.” For decades, your parents have poured their energy into building the store, the brand, and

A couple estate planning
Wayne Rivers
Retail Succession Planning Challenges with Longer Life Expectancies

Sometimes those extra years play havoc with your retail succession planning Recently the Centers for Disease Control and Prevention produced a paper called “Death in the United States.” While this might seem to be a morbidly unusual article for the Home Furnishings Association, please bear with me because the data

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