In the context of preparing for and planning an ownership transfer, “Equal is Rarely Fair” in family-owned businesses. Both in transition strategy and in employment and pay. Learn some commonsense financial strategies, communication strategies, equalization measures and systems for successful transfer. And how to best prepare the family, to define systems and succession plans that meet the owner’s, family members, and management’s definition of fair.
- Determine why it is important to define fair?
- Learn how a facilitator assists in this conversation.
- Learn common techniques used to “fairly” transfer ownership from G to G.
- Learn how best to prepare key employees, family members, etc. for leadership effectiveness, potential and opportunity for growth, and development.