Family Owned Business Succession – Building on a Legacy
Approach, Case Study, and Results
by Maureen Metcalf and Carl Fernyak
This article looks at the topic of using integral tools to help a family owned business transition ownership and operation from father to son.
The son, Carl, purchased the 91 year old business from his father after working for the company for 14 years. He is now faced with the challenge of carrying on the legacy …