Weekly Meeting - Charles Armstrong - Sucession in a family business

Ted Parsons introduced Charles Armstrong who spoke on the succession of the family business. Ted explained that 80-90% of all corporations are family businesses and 60-70% of new jobs will come from these businesses. He spoke on the unique issues faced by the family: the dynamics of the relationships, the risks and challenges , and the reasons that the succession doesn't work - procrastination, tax problems, communication and strategic planning.

 

- newslettter 1999-08-20.pdf