There are two big pieces to the estate planning puzzle: who will run what (management succession) and who will own what (the transfer of assets). In my last ProfitTips column I called management succession the more difficult of the two because it involves judging the competency of people you love and holding them accountable to produce results. It is perceived by the incoming generation as an issue of respect. But the transfer of assets is no cake walk either.
ranch management consultants
There are some things that don’t change very much … there are others that do. Social media for example. Ten years ago had anyone heard of a Social Media Coordinator? But with Facebook, Instagram, YouTube, Twitter, and all of the other things out there, how is anyone, supposed to keep up with it all and still run a business? These are all new tricks and when you are an old dog like me you need help with that stuff. Earlier this month we got help.