When Passing the Reins of Your Business, What NOT to Do!
How often have you shaken your head in disbelief when learning that a decades-old, successful family-owned business has filed for bankruptcy protection, the result of decisions that were supposed to help it survive and keep the children at its helm?
It is a common reality. As Lyle Sussman, Ph.D., former Chairman and Professor Emeritus of Management, College of Business and Public Administration at the University of Louisville, observes, "There is a life cycle to any family-run business, and some of the most difficult decisions about its future come
