Family owned and operated businesses face unique challenges when preparing for and executing succession planning from one generation to the next. As family business owners contemplate passing the torch to the next generation, thoughtful preparation is key. The most successful businesses are proactive about identifying their future leaders and making an investment in their development. In this presentation, we will discuss current trends in succession planning, why it can be difficult to get started and best practices for engaging and preparing the next generation for increased responsibilities as part of a comprehensive approach to business transition planning.
Understand the unique opportunities and challenges faced by family business owners who are contemplating succession planning.
Provide best practices for engaging and preparing the next generation for increased responsibilities in the family business.
Senior Director, Institute for Family Culture,