How Entrepreneurs Should Handle Succession

This is second of two columns in which I address, in collaboration with my good friend and colleague, Dr. Steven Berglas, the unique challenges that entrepreneurial family businesses builders face in leadership succession. The first post describes how entrepreneurial founders can unwittingly sabotage the succession process.

Entrepreneurs who create and build businesses from scratch are nothing if not street smart. They know business, as well as the trends that impact businesses. I am not...