Succession planning eases Bachman's burden

Few family businesses are comfortable creating a transition policy to use upon its current owner's death. By creating a succession plan a generation ago that clearly outlined how leadership would pass from one generation to the next, Bachman's is running smoothly even as its leaders and staff grieve for Todd Bachman, the Minneapolis Post reported. One part of that planning is a now-five person management team that represents all divisions of the company and that meets regularly. The Minn. Post interviewed several business transition experts for its article who were complimentary of Bachman's organization.