Father Wants to Sell Profitable Business Because the Children Do Not Want to Run It Part 2

Here is what the father-founder can do assuming he has 3 kids:

1. Assess the management and talent skill sets of his children i.e. what are they good in;

2. Assign one to be the assistant of his General Manager so he gets an overview of the company & run the Production plant and lastly, do Corporate Planning & determine with his father in what direction to bring his company to;

3. Assign another to assist the Sales manager so he can learn the company's products and sales process, meet the company's Top Customers and lay the groundwork for future working relationship;

4. Assign another to head Quality Assurance and Research & Devt (R & D) and contact the company's top equipment supplier for his son to train with them for a year. The purpose is for the son to know all the products that can be developed using the supplier's machines. When the son has learned of new product lines that can be offered by the company in the short-term future, then the company can buy that equipment from that supplier who helped train his son.


Three sons and he has insured the future of the company.