Most family business preparation focuses on succession planning for the future. However, focus should be given to securing the current operations of the business via a continuity plan. It is more likely that a business runs into trouble because the owner becomes incapacitated before the business reaches the point of a natural succession transition.

Communication obstacles can be overcome. When family business owners commit to engaging in a series of key conversations with their successors, they not only survive, but also thrive into the next generation. Take the free assessment to learn if your business is prepared for succession.