Sentences with phrase «effective business succession»

Not exact matches

According to Douglas Freeman, executive vice president and director of trust services and consulting at First Foundation Bank in Irvine, Calif., an effective succession plan for a business owner requires anywhere from three to five years to play out.

Around the time of leadership succession, emotions often flare, relationships in family and work undergo stressful changes, and the success — or failure — of an effective transition can impact the family and the business for years.

Client management — management of client relations including complaints, avoiding conflicts of interest and communications with clients to ensure effective, timely and courteous delivery of services, business continuity and succession planning;

The program covers the topics that are integral to effective leadership including law firm economics, culture change, strategic planning, succession, business practices, rainmaking, and navigating the internal politics inherent to the managing partner role.

Without an effective estate plan, including a business succession plan, the business may have to close or be liquidated to pay estate taxes.

Key man life policies can also be an effective tool for business succession planning, like in the third scenario.

Accomplished and performance — driven professional offering extensive experience in business on multiple levels with a strong concentration and effective achievements in increasing sales, creative crisis resolution, operation execution, team leadership, succession planning, recruiting top talent personnel and creating brand loyalty through dynamic guest service.

Boards, strong HR professionals, or others in the corporate suite can encourage the CEO to plan for succession by emphasizing that an effective plan will preserve the CEO's legacy and protect the business and the team that he or she has built.