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.
- 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 StorageMeet the Presenters