Compass Point Consulting LLC

Stop the anxiety loop for the NextGen in - start succession planning now.

The Biggest Succession Planning Mistakes and How to Avoid Them | Prosperity Advisers | Insights Succession planning is crucial for the stability and longevity of family businesses, yet many make costly mistakes that can lead to financial losses or fai

Next Gen challenges - move from trust based to professional management.

Challenges from the 2nd generation and beyond - Family Business In a previous article, we analyzed the key hurdles faced by family businesses based on their life cycle. In this post, we’ll turn our focus to the challenges they encounter in their transition from the second to the third generation and beyond. The second generation: reorganizing ownership and man...

Families in often overestimate the downside of a crucial conversation.

Difficult Conversations in Family Business: When and Why People tend to overestimate the potential downside of having a tough conversation while underestimating the upside over both the short and long term.