N o v e m b e r 2 0 1 4 / Q U I C K P R I N T I N G 21
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Executive Track
The executive track is what the
proposed successor should be place on.
And please understand there is no guar-
antee that the successor will complete it.
Parents intuitively try to treat chil-
dren "fairly." Unfortunately, they often
interpret fairness to mean equal and
divide the family business equally. That
is unfortunate, as it most often sets up a
fight resulting in people never speaking
to each other again.
Fairness is equableness of opportuni-
ty, not equableness of assets. Afford all
siblings the opportunity to participate
in the executive track and then select
your successor from those completing
it. Most often, only one will.
What is the executive track? We begin
detailing it next month, for the Execu-
tive Track is truly the training program
for the successor.
The following article has been based
on a number of situations. Names,
locations, and other facts have been
changed to illustrate and simplify. Any
resulting similarity to any one business
or person is coincidental. ◗◗
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