When I was a boy of fourteen, my father was so ignorant I could hardly stand to have the old man around. But when I got to be twenty-one, I was astonished at how much he had learned in seven years. - Mark Twain

Whether or not the owner's children are involved, a thoughtfully constructed strategy for the continuing management of the company will assure a smooth transition.

The plan for grooming the next leader or leaders should be clear, specific and public - all your employees are especially watchful during this time, and morale will stay high when everyone knows that management is concerned about continuity. The more the CEO is involved in daily decision making, the more this is true.

Passing the reins on to the next generation need not be a traumatic experience.

Let TMG help you prepare an ordered plan so that the long-term goals for your company continue to be met even after the quarterback is spending more time on the sidelines than on the field.