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

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