If you caught the first win of the season Fox drama, Empire , you know, to pass on the torch of a family business messy.
In the show, the music mogul Lucious Lyon was diagnosed with ALS, he suddenly had to create a succession plan for your company several million dollars. Typically, evening soap, Lyon began to decide which of his three son rule against Empire Entertainment opposed to each other.
While Lyon saga was over-the-top, it was not completely erased. Said Alfred Edmond, Jr., vice president and editor in chief of Black Enterprise in chief ". The company will receive in the tradition -The boys over girls, trapped against less traditional and often artificial substitute would be best to lead the company".
If you own a family business, it might be wise to establish a strategic succession plan put in place before you need it. The example of Lucious Lyon do not follow. But follow these tips from experts seven.
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