The Pitfalls & Pain Points of Family Business Succession Planning

GREATER LOS ANGELES VIRTUAL CHAPTER EVENT

The Pitfalls & Pain Points of Family Business Succession Planning


While a successful multi-generation family business can create a lasting legacy that offers tremendous wealth-generating potential, the reality is the overwhelming majority of family-owned and operated companies fail to succeed from one generation to the next.

During this engaging session, we’ll review some of the pitfalls and specific pain points many families experience with their business succession planning efforts. We’ll hear from a family business psychologist and executive coach about the myriad of challenges family businesses face as they pass the baton and transition leadership responsibilities from one generation to the next.

 

Learning Objectives:

  • Understand the unique leadership and communication challenges that impact family businesses
  • Review key business succession planning strategies to successfully transition a legacy business from one generation to the next
  • Discuss the specific pitfalls and pain points families often experience while managing their complex family dynamics and orchestrating a successful exit/transition
  • Learn how one 3rd-generation family business is honoring their Mission by increasing market share and driving greater enterprise value for all shareholders.

 

About the Presenters:

Learn from industry experts, Jeremy S. Lurey, PhD, Family Advisor & Performance Coach, Chiefexeccoach, and Jason Lafferty, Shareholder/Former CEO, Sno Temp Cold Storage

Meet the Presenters

 

 

EXIT PLANNING IS GOOD BUSINESS STRATEGY

The EPI Local Chapter is different than other groups because it brings together a diverse group of professionals from a wide range of specialties that can naturally work collaboratively on exit planning, succession planning, value growth, transaction or any engagement from both sides of the equation. The chapter meets regularly to network, reconnect, grow knowledge, and sharpen their skills with a common goal: Change the outcome for transitioning business owners. Make plans to join us for future events and connect with the local leadership by visiting www.EPILosAngeles.org.

About the Presenters


Jeremy S. Lurey, PHD

Jeremy S. Lurey, PHD

Family Advisor & Performance Coach,
Chiefexeccoach

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Jason Lafferty

Jason Lafferty

Shareholder/Former CEO, Sno Temp Cold Storage

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