Succession Planning Webinar

Instructors: Dr. Deb Houden and Nicole Bettinger

One of the most daunting obstacles the family business faces is the passing of the torch, for both the family and the business. The statistics on successful transition are startling:

It is estimated that over the next 5 years, nearly 80% of family businesses will be in a state of transition from one generation to the next, but only 19% have written a strategic plan for succession. So how do you have a successful transition? Success can be defined in a myriad of ways if the family stays open, flexible and honest about their goals and desires. This webinar will discuss the difference between management and ownership succession, the obstacles to transferring either, and what you (and those involved) need to do to get started.