This is the first in a series of articles on developing professional and personal advisory networks.
One of the most effective business transition processes (from a “Now Gen”eration to the “Next Gen”eration) that I have observed in my career involved the owners’ creation and effective use of an advisory board to help the current husband-wife owners consider and make the most informed business transition decisions to assure a bright future for their enterprises and their family. They started both over forty years prior. While this was a family business succession transition, robust advisory boards have the potential to make significant contributions to any business ownership structure planning process.
Wittmeyer, Carol (2021). "It Doesn’t Have to be Lonely at the Top – Advisory Boards Can Help You Make Effective Decisions." Shoe Retailing Today .
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