The author is an Entrepreneur contributor. The opinions expressed are those of the writer.
About the Author: Jim Joseph is the North American president of New York-based communications agency Cohn & Wolfe, part of the media company WPP Group PLC. He is the author of three books, including the latest, The Personal Experience Effect (Happy About 2013).… Read more >
Many business owners want their business to stand as their legacy and leave it to their children. The transition in leadership from one leader to the next is always difficult, no matter what the situation is. It’s even more difficult when the new leader is the owner’s child.
In order to help make the transition better, there are a number of steps the owner and the family can take.… Read more >
Over the years, many of us have seen family businesses pass from one generation to the next. However, the transition can be very difficult and is often filled with a number of obstacles. It’s common knowledge that while many businesses successfully transition from the first to the second generation, successfully passing it on to the third generation is rare.… Read more >
Editor’s Note: The Grind is a weekly column that asks a revolving cast of young founders to take us through the daily rigors of running a business, as well as offer up advice on how they achieved milestones or overcame challenges. Follow The Grind on Twitter with the hashtag #ENTGrind.… Read more >