Anne Archer Hinkle

When is it the right time to enact a succession plan? Already in this series, we've discussed the obstacles that can come with handing the reins over to the next generation and how families must adjust to a shift in dynamic as roles evolve. But how does a parent know when their son or daughter is sufficiently prepared for the task of running the family business? For Tom Hinkle, it was when he realized that his daughter's abilities surpassed his own. "I recognized that her attention to detail was better...