CEO OFFERS SUCCESSION PLANNING TIPS FOR FAMILY-RUN BUSINESS
Michael Cadden Troy Strategizes Towards a Seamless Management TransitionOne of the greatest challenges for a small business or family-run enterprise is preparing for the next generation of management to take the helm and ensure the company’s vitality. For nearly three decades, Michael Cadden Troy, CEO and founder of Troy Container Line, has been cultivating its next generation of leaders. Below are tips from Troy that explain how to seamlessly transition a family-run business to a new generation of leaders without disruption to work flow: · Plan for the ‘what-ifs.’ What