@article {Francis13, author = {Barton Francis}, title = {Succession Planning}, volume = {3}, number = {1}, pages = {13--24}, year = {2000}, doi = {10.3905/jwm.2000.320375}, publisher = {Institutional Investor Journals Umbrella}, abstract = {The author focuses on the issues related to succession planning in closely-held businesses. He states that working with family businesses affords unique opportunities and challenges, and argues that recognizing their particular strengths and weaknesses {\textendash} not typically found in publicly owned companies {\textendash} can provide important insight for successful planning engagements. Listing five important differentiating features, the author outlines and discusses a ten-step process designed to deal with effective succession planning. Turning to implementation issues, he introduced and discusses seven quantitative and nine qualitative tools, which could be used to create a customized solution.}, issn = {1534-7524}, URL = {https://jwm.pm-research.com/content/3/1/13}, eprint = {https://jwm.pm-research.com/content/3/1/13.full.pdf}, journal = {The Journal of Wealth Management} }