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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.


Published in the March/April 2021 issue of Shoe Retailing Today, Copyright © 2021, National Shoe Retailers Association, Tucson, AZ, All rights reserved

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