Family Business Matters
Consider the role of chairperson when it's time to let go as the family business CEO.
Lance Woodbury
DTN Farm Business Adviser
Lance Woodbury is an adviser to family-owned and closely held businesses, including farm businesses. He helps them plan for the future and implement ownership or management strategies that improve their effectiveness.
He also has an interest in his family's ranch near Garden City, in western Kansas.
From 1996 to 2009, Lance led the family-business-consulting efforts of the regional accounting firm Kennedy and Coe. He also managed several offices, led the firm's largest practice group, and served on the firm's management board and its human resource committee.
Lance earned his MBA from Purdue University, his MS in Conflict Analysis and Resolution from George Mason University, and a BA in History and Government from Sterling College. He is a graduate of the Kansas Agriculture and Rural Leadership program and holds a Certificate in Family Business Advising. Lance is a member of the Association for Conflict Resolution and is a Fellow of the Family Firm Institute.More From This Author
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Family Business Matters
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Family Business Matters
Reduce this challenge to a few key points to help in handing off an operation to the next generation.
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Family Business Matters
Follow these four steps to simplify your business choices and gain better results.
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Family Business Matters
While passing the family business to the next generation can be positive, what often is ignored are the negative traits and tendencies that we pass along.