Correct

Kunle my brother, you are on track.

This is church we are talking about and not companies and professions. Most churches in nigeria are Business Centers. Thats why we see that both the Man and the woman are Pastors and even their child. Even one person dies the other takes over because is a family business. God help nigerians and their Pastors.

Thats it, church has now turned to family business.

Not only family business but international business where the GO's wife is the assistant follow by the children.

Oh ok,u guys wud hv preferd their wives nt to assist their spouses?
Kai,una demands r ANNOYING

@odunnu, why would their wives be their assisant? Is it not soppose to be for God?

Who wud u suggest as a beta assistant if nt hs helpmeet?

Who wud u suggest as a beta assistant if nt hs helpmeet?

There should be a senior pastor after the G.O to be his assistant. I hope you know that RCCG was not floated by pastor Adeboye, the founder died and Adeboye took over while the founder's is still alive,why did'nt she took over the church? And i am assuring you today that if pastor Adeboye dies today his wife will not take over the affair because there is already someone that would take over. So thats how church is sopposed to be run,not a hereditary type of kingship or business

FAMILY SUCCESSION PLAN FIRST
Then the succession plan for the family's business


The family succession plan must recognize and accommodate the needs, goals and objectives of each family member. "The family's goals and objectives then become the basic building blocks for the development of the succession plan for the family's business," according to top family business expert Don Schwerzler

"It is extremely important to first develop the family succession plan and then the succession plan for the family's business. Otherwise the business owner will spend a lot of time and money developing a succession plan that will almost always fail to reach the desired results."

Schwerzler has been studying and advising family businesses for more than 40 years and he is the founder of the Family Business Institute.

Sometimes the failure of the flawed succession planning process is recognized only after the death of the parents when the "plan" is sprung on the family during the reading of the will - and the legacy the parents were trying to create for their children and grandchildren is destroyed because of greed, misunderstandings and the lack of involvement in the family succession planning process. The family succession plan should include strategies to put the business interests ahead of the family interests should emphasize merit over family position Family-first Business or Business-first Family?

Another important issue that needs to be determined prior to beginning the family succession plan: is yours a family- first business or a business-first family? The answer will significantly impact the succession planning process.

Consider the multitude of personal sacrifices the business founder made in order to create a successful business. Sacrifices that included 70 to 80 hour work weeks, no weekends, missed little league games, school and community service functions - a business-first family. The second generation now says, "I want to be more involved with my family. I want to belong to the golf club and be a little league coach which means I have to leave the office by 4 o'clock. And by the way, my wife doesn't want me to work on Saturdays anymore!' This is an example of a family-first business.

It is not necessary to calculate this with mathematical precision, but we have developed an excellent survey that helps you, your family and your advisors focus on this critical question.


Family Business Succession Planning Survey with No-cost feedback

Our survey and Don Schwerzler's no-cost feedback has another very beneficial use for a family and the family business - the family can focus on the specific areas that show weakness and make these the basis for improvement.

Succession Management

The single best succession management strategy is to create an advisory board. Learn why,and how in this interview with our succession management expert.

Managing the Succession Process

Our succession management process is gaining international recognition. Learn why as we describe it from the most important perspective - the clients.

Strategic Planning Software

NEW strategic planning software produces a family business strategic plan fast and easy.

Family Business Valuation

Business valuation is important to the family succession plan. It should be a part of the regular annual strategic planning process not something triggered by a specific event.

Contingency Plan - for an Uncertain Future

A contingency plan uses strategies required to cover the death or incapacitation of key family managers.

Succession Planning has Changed

A contingency plan uses strategies required to cover the death or incapacitation of key family managers.

Planning Obstacles in Family Businesses

Sometimes, the best way to look at a problem is to identify the obstacles to solving that problem. Just like a physical obstacle course, succession planning for family businesses is like an obstacle course. You have to find the obstacles, then overcome them, fly over them, dig under them, outflank them to move around them. And it is often the ones that you didn't see that cause you the biggest problems!

Family Wealth Management

Family wealth management is critically important - family-owned businesses are the economic engines that drive America’s prosperity. But, it's about a lot more than just money.

Every Family's Business

Thomas Deans has written a very interesting book, Every Family's Business, that poses 12 questions every business owner should consider. Learn why SELLING the family business could be the best strategy to create and preserve family wealth.

Family and Business Renewal

Family and business renewal - learn how Karl Bareither accomplishes both with his wealth transfer process. It protects the family wealth and assures successful leadership transition.

Wealth Management Consulting

Here is a process for wealth management consulting to enable professionals to become wealth transfer specialists and grow their practices.

A Dozen Tactical Hints for Generational Transition

Here are about a dozen practical hints that we've found to be useful as a family business transitions from one generation to the next. A few might really surprise you!

Succession: 3 Ways to Ease the Transition

For family owned businesses, planning how to leave your business to the next generation can be the most difficult task of all. Generally the process occurs only once in a lifetime and without a significant investment in planning, the succession process can cause havoc in the business and family.

Exit Planning

Exit planning is necessary because you will transfer your business interest - either during your lifetime, or you will die or become incapacitated. Learn how to avoid the chaos of forced liquidation.

Shareholder Agreement

The shareholder agreement is an essential estate planning tool. Discover why it's needed and some of the problem situations it can help solve.

Buy-Sell Agreement

The buy-sell agreement is a specialized form of shareholder agreement that deals with ownership transfers.

Retirement Calculators

Retirement calculators are more valuable than ever. Learn about this valuable tool that helps you plan and manage your retirement savings

@ poster
WHY DO FATHERS LEAVE THEIR BUSINESS EMPIRES FOR THEIR CHILDREN?

This is Gods work not man.

@seyenko, what exactly are you talking about? Dont forget we are talking about God's ministry here not a man's business empire. Children can inherit father's business not church.