Welcoming The Next Generation Into The Family Enterprise
Family Business
•
59m
In a recent survey conducted by Wilmington Trust, 47 percent of business owners over the age of 65 do not have a transition plan in place. That's a surprising number, especially when it concerns family businesses that have been nurtured through successive generations.
Listen in to hear Barb Dartt and David Karofsky, Senior Consultants at The Family Business Consulting Group, discuss best practices for welcoming the next generation into the family enterprise a complex issue that is often the barrier to creating any plan at all.
Listeners will learn about:
Succession and continuity
Conflict and communication Management
Strategic planning
The next generation as employees and owners
Insights gained will help you develop better cross-team communication and build alignment among every member of your current and future team.
Up Next in Family Business
-
Forming A Family Council And Having G...
Family businesses are complex entities where the roles of the family, management and ownership can be easily confused. Family governance provides a forum for constructive discussion, problem solving and making decisions about the family as it relates to the business, as well as how the business r...
-
Forming An Effective Family Business ...
Highly effective boards help create ownership alignment, consider the interests of all shareholders, inspire trust and family harmony and help ensure that strategies are put in place for the business to flourish in the present and in the long run.
How can independent directors positively affect... -
Taking Advantage Of Pivotal Moments T...
Family enterprises face pivotal moments driven by changes in their business environment, crises within their business or crises within their family. Family leaders have a unique opportunity to take advantage of these moments to rethink their family enterprise, but only if they have the conditions...