By: Ryan Scholz | 2009-09-09 | Management Succession planning is a vital activity that every business, from a small, family-owned enterprise to a large corporation must do in order to ensure a smooth transition in leadership.. The first thing that usually comes to mind when we hear the term succession planning is that it only applies to... read more
By: adiele ndunuju | 2009-02-09 | Human Resources Great firms and entrepreneurs always plan for the future of their businesses today. There is one popular Ibo saying that says, “Nothing stays forever”. Check out all the successful businesses in the world today, the secret of their success stories will not be far from good leadership and governance. The question then is what happens to these businesses when these good leaders are no more? read more
By: michaelrussell | 2009-11-02 | Project management Many large business houses have been facing the problems of succession issues. At the same time smaller enterprises are not immune from the syndrome either. Effective business succession plan is one of the most important aspects of estate planning at its best. While chalking out their estate planning many estate owners forget taking care of one of the major aspects of it, the family business succession plan. Large commercial enterprises like Reliance and General Motors have already faced suc read more
By: michaelrussell | 2009-11-02 | Project management When it comes to estate planning the prospective client has a couple of options open to him. Either they could prepare the plan on their own with the help of an expert or leave the process for Government to finalize. Succession and inheritance occupies the prime spot among the issues to be determined. read more
By: Laura du Toit | 2008-11-10 | Collecting Assuming that you do not need an estate plan is one of the worst assumptions you can make and could cost your family loads of money in taxes and hours of frustration. The only people who can honestly say they would not benefit from an estate plan are those unfortunate enough to have no family or assets or property of their own, which would in fact represent a very small fraction of the population. You will more than likely be surprised at the total value of your estate when once you actually start documenting your assets. Your estate includes everything you own – investments, insurance polic. read more
By: Irv Blackman | 2007-09-18 | Small Business Straight talk discussing on of the most important, yet least discussed, problems associated with successful small to medium sized businesses. read more
By: Simon Barrett | 2008-06-10 | Writing & Speaking I have my finger in many different pies, and one of those pies is an adult literacy program. Although I am only peripherally involved. I am always on the lookout for suitable material. Every book I read gets pigeonholed into one of three categories, beginner, intermediate, and advanced. There is... read more
By: Ajaay Kumar | 2008-07-28 | Site Promotion Finally, after the hard-core efforts that are directly related to generating traffic to your website, you next step is to develop a strategy that creates follow-on, long-term traffic. Several methods exist for this Tier III strategy: - Taking the large list of ancillary keywords that relate directly or indirectly to your website, begin purchasing keyword related domain names that will be used to create traffic driving websites that point to your money site. - Setup satellite pages using the keyword domain names with the idea of capturing traffic geared toward those specific keyword. read more
By: Timothy Simmons | 2008-07-28 | Finance If you run a growing or established small business you may have thought about setting up a corporate structure. Setting up a corporate entity may be the obvious choice for a successful small business, but you may have some reticence when it comes to taking action. In the past incorporating... read more
By: Paul Phillips | 2006-04-26 | Management Succession planning is often talked about but rarely carried out. Sometimes we only think about replacements for a few key jobs. Often, not even that. Good succession planning can have big benefits. read more
By: Joe Thompson | 2007-03-07 | Automotive Energy Conversion Devices, Inc. announced its intention to initiate the first in a series of management strategies to boost productivity. The strategies are in accordance with ECD Ovonics succession plan. read more
By: Dave Kauppi | 2006-04-07 | Finance Things dont always turn out fairly when the business owner leaves the family business to the next generation. read more
By: Steven Wevodau | 2008-12-16 | Insurance On a weekly basis, we confront countless agency owners who have spent their entire careers in the business. They now have second- and sometimes third-generation family members working within their firms. These dedicated professionals, who are approaching or have gone beyond retirement age, are internally conflicted with an emerging issue: succession planning and perpetuation of their business. read more
By: Martin Haworth | 2007-07-18 | Management Succession planning is all about having a great team working for you and then more. Its about releasing the unlimited potential in the whole of your workforce. To do that you need to know them all very well indeed. read more
By: Chris Fensome | 2008-10-15 | Law For many law firms, succession planning has become somewhat of a taboo subject through fear of upsetting senior law staff. But with the baby boom generation approaching retirement age, it will become an increasing struggle to fill legal jobs at the expense of the law firm’s profits if law firms fail to take this issue seriously. Unfortunately, there is no one-size-fits-all model for succession planning, especially with law firms varying in size from one partner practices to multi-site international law firms. However, the principles remain the same; law firms should seek long. read more
By: Martin Haworth | 2007-11-16 | Management There are so many issues in management today and one that so often gets missed is planning for every eventuality. If you have no idea what succession planning is then this article is worth a read - it could make all the difference... read more
By: Martin Haworth | 2007-08-26 | Management Succession planning is the process by which a company, in effect hires from within. It refers to the way a company identifies employees and prepares them for moving up within the company confines. Heres more... read more
By: Martin Haworth | 2007-11-13 | Management There are a number of areas to keep your eye on as part of your succession planning activities. Top of the list has to be that as you formulate your ideas to get those people organized to be top class performers, you need to know how they are doing, right now. Here are some ideas... read more
By: Denise | 2009-07-03 | Insurance No matter how certain the future seems, there is always a need for a business succession plan. Its all too easy to give planning a miss when things are going well. But what happens when an unforeseen illness, a natural disaster, a premature death, or the sudden retirement of top management turns all your progress upside down? No one can plan for every type of disaster no matter how good you are at revenue projections or economic predictions. read more