Unexpected death of an owner, key executive or employee can cripple a business if no successor has been identified and there is no plan for transitioning management. Every business succession plan ...

Savvy business owners need an exit plan. A succession plan aims to ensure that ... you may have an almost mythical standing among your employees. You can not expect anyone to fill your shoes ...

Succession planning is a priority in the utility industry as an aging workforce, changing technologies, and turnover reshape the sector. The utility sector faces unique challenges, striving for seamle ...

Over the years, Gelber has found similar diamond-in-the-rough employees, who he promoted and eventually made partners, illustrating a solid, non-family succession plan is possible and profitable.