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business succession

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What it took to take over Purdys Chocolatier

Karen Flavelle wanted to work at the family business, but first she had to convince her father

Disputes over trusts are all too common, even in Canada. Here are some ways to minimize the risk

For founder of Calgary multi-family office, giving up control hasn’t been easy, just like with the wealthy families he advises

Lasting wealth is a key goal, but only 41 per cent of enterprising families feel confident in their succession plans

Transitions fail because families don’t communicate or talk about the future, experts say

Don’t wait for a crisis before implementing the roles and structures that result in smarter decisions

Some owners ‘justify their hold on power and lack of transparency,’ but what happens if they are suddenly out of the picture?

Parents can set them up for success by building leadership skills and a sense of responsibility early in life