Woodbury: Family Business Matters

Too Many Cooks Complicate Succession

Lance Woodbury
By  Lance Woodbury , DTN Farm Business Adviser
Like chefs who control the kitchen, business owners can discourage successors by failing to share meaningful responsibility with their adult successors. (Photo by the U.S. Army, CC BY 2.0)
Like chefs who control the kitchen, business owners can discourage successors by failing to share meaningful responsibility with their adult successors. (Photo by the U.S. Army, CC BY 2.0)
Transitions become uncomfortable as generations juggle roles. Here are issues to consider as seniors relinquish business control.

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Lance Woodbury

Lance Woodbury
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