Succession Planning for Small and Family Businesses

Succession Planning for Small and Family Businesses

Author: William J. Rothwell

Publisher: CRC Press

Published: 2022-10-04

Total Pages: 187

ISBN-13: 1000728358

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Who will lead your organization into the future? Have you created the systems to properly implement required succession transitions? Have you put the financial tools in place to fund the transition? Do you want a plan that connects with your personal and company core values? When do you include timely planning related to strategy and talent issues? What are the appropriate communication strategies for sharing your plan? What legal issues need consideration related to the strategy, financial, and people aspects of succession? So, what is preventing you from starting this effort tomorrow? Small and family businesses are the bedrock of all businesses. More people are employed by small and family-owned businesses than by all multinational companies combined. Yet the research on small and family businesses is bleak: fewer than one-third of small business owners in the United States can afford to retire. Only 40% of small businesses have a workable disaster plan in case of the sudden death or disability of the owner, and only 42% of small businesses in the United States have a succession plan. Fewer than 11% of family-owned businesses make it to the third generation beyond the founder. Lack of succession planning is the second most common reason for small business failure. Many organizations often wonder where to start and what to do. Succession Planning for Small and Family Businesses: Navigating Successful Transitions presents a comprehensive approach to guiding such efforts. Small and family-owned businesses rarely employ first-rate, well-qualified talent in human resources. More typically, business owners must be jacks-of-all-trades and serve as their own accountants, lawyers, business consultants, marketing experts, and HR wizards. Unfortunately, that does not always work well when business owners embark on planning for retirement or business exits. To help business owners avert problems, this book advises on some of the management, tax and financial, legal, and psychological issues that should be considered when planning retirement or other exits from the business. This comprehensive approach is unique when compared to the books, articles, and other literature that currently exist on the market. This book takes on a bold and integrated approach. Relevant research combined with the rich experiences of the authors connects this thorough, evidence-based approach to action-based approaches for the reader.


The Million-Dollar, One-Person Business, Revised

The Million-Dollar, One-Person Business, Revised

Author: Elaine Pofeldt

Publisher: Lorena Jones Books

Published: 2018-01-02

Total Pages: 274

ISBN-13: 0399578978

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The self-employment revolution is here. Learn the latest pioneering tactics from real people who are bringing in $1 million a year on their own terms. Join the record number of people who have ended their dependence on traditional employment and embraced entrepreneurship as the ultimate way to control their futures. Determine when, where, and how much you work, and by what values. With up-to-date advice and more real-life success stories, this revised edition of The Million-Dollar, One-Person Business shows the latest strategies you can apply from everyday people who--on their own--are bringing in $1 million a year to live exactly how they want.


World Tourism Cities

World Tourism Cities

Author: Alastair M. Morrison

Publisher: Routledge

Published: 2021-11-08

Total Pages: 358

ISBN-13: 1000467988

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World Tourism Cities: A Systematic Approach to Urban Tourism is a unique and contemporary textbook that addresses the particular situation of urban tourism destinations in the 2020s by reviewing key issues, trends, challenges and future opportunities for urban tourism destinations worldwide, as well as city destination management. The book is divided into four parts, with Part I providing background chapters on world tourism cities. It begins by clearly defining world tourism cities and explaining the impacts of globalisation and urbanisation on these cities. The subsequent chapter explains the urban tourism phenomenon and traces its growth. Part II presents city destination management, planning and development and the marketing and branding of cities, offering practical solutions and approaches. Part III discusses major issues and trends in world tourism cities including resident well-being and quality of life, sustainability, smart tourism, crises and the rise of tourism in Asian cities, and the final part identifies the future opportunities for city tourism. Written in a student-friendly tone, the book is richly illustrated and contains several engaging features, including Sweet tweets (snippets of information on cities) and Short breaks (detailed case studies on cities). This will be essential reading for all tourism students.


The Art and Science of Demand and Supply Chain Planning in Today's Complex Global Economy

The Art and Science of Demand and Supply Chain Planning in Today's Complex Global Economy

Author: Paul Myerson

Publisher: CRC Press

Published: 2023-02-24

Total Pages: 303

ISBN-13: 1000836983

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The demand and supply chain planning process for manufacturers, distributors, and retailers has evolved over the years. It has gone from a disjointed, unconnected, slow, inaccurate, fairly manual set of processes to an integrated, timely process enabled by the use and coordination of highly trained people, lean, agile processes, and cutting-edge technology. To make this set of processes work effectively, one has to fully understand and appreciate that there is an "art and science" aspect to the process which can take years of education and experience to fully understand. Essentially, this book will offer the reader a chance to fully understand the interconnected set of processes in a "best-practice" application. Furthermore, examples and cases will be used to illustrate its practical application in today’s complex global supply chain. In addition, readers will understand and be able to apply and articulate the concepts, tools, and techniques used in the efficient supply of goods and services in today’s changing global economy. It will help them to learn how businesses, through their supply chain, work both internally and with their trading partners – both upstream and downstream – to build strong relationships and integrate demand and supply planning activities across the supply chain to deliver customer value efficiently and effectively. They will learn about the tools and technologies enabling integration, and the critical drivers and key metrics of supply chain performance.


IT Business Partnerships: A Field Guide

IT Business Partnerships: A Field Guide

Author: Joseph Topinka

Publisher: Hillcrest Publishing Group

Published: 2014

Total Pages: 224

ISBN-13: 0989380904

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As a career CIO and founder of CIOMentor, Joseph Topinka draws on his own experiences implementing IT Business Partnership Programs to present an actionable, how-to field guide to true business technology convergence. "IT Business Partners: A Field Guide" will help you execute what many business leaders only buzz about. Within this guide you will learn the argument for business technology convergence via IT Business Partnerships, as well as the essential principles and strategies behind successful Partnership Programs. Insightful stories and real-life examples of what works and what doesn't are woven throughout, as are proven methods, tools, and templates to help you through the entire process. "IT Business Partners: A Field Guide" provides an actionable plan for you to implement an IT Business Partnership Program in your organization so that you, too, can achieve business technology convergence.


Forward-Focused Learning

Forward-Focused Learning

Author: Tamar Elkeles

Publisher: Association for Talent Development

Published: 2020-12-08

Total Pages: 269

ISBN-13: 1950496686

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Shape What’s Next for Learning in Your Organization Our era of dynamic change and its profound impact on personal lives and businesses throughout the world represents a new normal. How organizations learn will determine whether they rise to the occasion and adapt or struggle behind outdated practices and processes. New or aspiring talent development executives can learn a lot from the best of the best—the high-performing, award-winning companies responding to increased pressure to deliver business value. Forward-Focused Learning features organizations that are proactive about looking for ways to grow, build, and learn. They offer lessons for being the most innovative, the most aligned to business needs, and the most strategic. Peek behind the curtain and see how other companies use learning to develop their employees and their businesses. Rich in examples of what’s worked, this book is a must-read for anyone setting learning strategy or managing the learning function. Organized around themes of vision, people, and process, it covers how to: Become a strategic business driver Apply a systems mindset to the learning organization Gain support from organizational stakeholders Build a learning team capable of serving the business Do more with the resources you have Written by talent development practitioners and consultants at the top of the field, from brand-name companies such as Comcast, Hewlett-Packard, Nike, General Mills, Ford, GE, and Booz Allen Hamilton, this book is your key to gaining a seat at the table.


New Zealand's Top Franchise Leaders Secrets Revealed

New Zealand's Top Franchise Leaders Secrets Revealed

Author: Pete Burdon

Publisher: Global Publishing Group

Published: 2020-08-01

Total Pages: 163

ISBN-13: 1925370186

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Discover the secrets of the 1.75 trillion dollar franchise sector. International author, branding expert and media trainer Pete Burdon is joined by New Zealand's top franchise leaders to provide you with the inside secrets to financial freedom in franchising. In this breakthrough book, these experts share their stories and uncover what it takes to have your very own successful business. They reveal the exact techniques they've used to produce millions of dollars of income for themselves and their franchisees. You'll learn: - how to build and run a billion dollar franchise system - the challenges they faced and how they overcame them - the path they took to franchise leadership - what it takes to become a top franchise leader - how they market their businesses and how this has changed in the current climate - how to choose the right franchisee or franchisor - the common mistakes and traps many make in franchising and how to avoid them Contributors: David and Karen Dovey (Exceed Franchising) Adam Parore (Small Business Accounting) Jack and Melanie Harper (Driving Miss Daisy) Grant McLauchlan and Rene Mangnus (CrestClean) Scott Jenyns (Fastway Couriers/Aramex) Gill Webb (Active+) Paul Bull (Signature Homes) Brendon Lawry (Liquorland) Andrew and Denise Lane (Night 'n Day) Simon Harkness (Kitchen Studio) Paul Jamieson (Kelly Sport and Kelly Club) Simon McKearney (Helloworld) This book will help you take immediate control of your financial destiny.


Foreign Aid and Bangladesh

Foreign Aid and Bangladesh

Author: Mohammad Mizanur Rahman

Publisher: Taylor & Francis

Published: 2024-08-12

Total Pages: 247

ISBN-13: 1040109160

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Foreign Aid and Bangladesh offers a rich combination of aid history – from the evolution of aid as a global agenda after WWII to the rise of different multilateral, bilateral, and emerging donors and their policy shifts – and a nuanced perspective of aid partnerships at the country level. Drawing on first-hand experiences and insights, the author deeply investigates the realities of a longstanding aid recipient, Bangladesh, and argues that without a political economy approach, one cannot understand the realpolitik of development aid. As an emerging economy from the global south, Bangladesh has been a longstanding partner and recipient of international aid since 1971. Bangladesh has also been active in the global discussions leading to redefining the new narrative and arguments for the new aid regime since the beginning of this century. Building on the analysis of Bangladesh's aid relations, the book shows that there has not been any qualitative shift in aid behavior in the new aid regime that set new norms after the end of the Cold War to ensure recipients' ownership and welcomed an expanding aid landscape by integrating emerging economies from the Global South for achieving better development results. The book analyzes the role of different actors in the development partnership, both traditional and emerging donors - such as China and India, and their partnership practices. It examines different forms of aid and their changing perspective, particularly technical assistance. Based on more than two decades of research and profound insider observations, the book debunks the myth that Southern providers could be more benign to their partners. The arguments placed in the book expose that there is no difference between traditional and emerging donors in ensuring donors' business and strategic interests. While donors continue to ensure their interests in providing aid, the Realpolitik of the situation in the recipient country shows that there is a specific economic and political agenda in pursuing aid. Presenting a comprehensive picture of Bangladesh's aid partnership, through the lens of new development partnership principles and narratives of development aid, this book will be of interest to scholars and researchers of aid and development studies and political science as well as South Asian Studies. Donor officials, civil servants, and national and international policy communities will also benefit from this book.