Communicate intent in succession planning to avoid family rifts

SUCCESSION CONSULTANT: Janice DiPietro, CEO of Exceptional Leaders International, is a consultant on succession for family-owned businesses. She recommends ownership changes be planned several years in advance. 
 / PBN PHOTO/
MICHAEL SALERNO
SUCCESSION CONSULTANT: Janice DiPietro, CEO of Exceptional Leaders International, is a consultant on succession for family-owned businesses. She recommends ownership changes be planned several years in advance. 
 / PBN PHOTO/
MICHAEL SALERNO
The transition of ownership in a family-owned small business doesn’t have to be stressful and emotional, but it can quickly tip in that direction if it isn’t thought through in advance. The succession planners and financial professionals who help guide business owners through this process say one of the critical steps is to start early,…

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