When it comes time to transfer your family-owned business on to the next generation, there is an incredible array of questions you’ll need to answer and options to consider. It’s not as simple as handing them the keys to the door. Although there are many additional estate planning tools and options, there are four main […]
Succession Planning: Transfer Tools & Options Read More »
At the October Monthly Educational Program: Should We Keep It or Sell It? A Family Business at a Crossroads Jon Eesley with Windsor Advisory Group sat down with Bill Mead, formerly of Golf Car Company, about his experience selling his family business. The discussion was open and impactful, with Bill Mead sharing personal details while
This may be one of the hardest decisions to make when you are part of a multi-generational family business, especially if you have a C-Suite or leadership position, are an owner, shareholder, or all three. But it does happen. For many, this is an unfathomable crossroads and one you may believe is impossible. Questions keep
I Want to Leave the Family Business Read More »
Succession planning in family businesses is a critical process that ensures the stability and continuity of the business across generations. This process is characterized by developing, documenting, and communicating a comprehensive plan that aims for an orderly and successful transition. The journey towards this goal begins with the current generation of owners and operators who
As a business owner, you’ve poured your heart and soul into building your company. But have you given thought to what happens when it’s time to step away? Exit planning is a crucial step that many entrepreneurs overlook, often until it’s too late. Let’s dive into why exit planning matters and how you can start preparing for your business’s future today.
Securing Your Business Legacy: The Essential Guide to Exit Planning Read More »
At Conway Center for Family Business, we always tell our members that it’s never too early to think about family business succession planning. Too late, for sure. But too early, never! With that in mind, where are you in your family business succession planning journey? These guidelines might help you to start thinking about how
Family Business Succession Planning Read More »
Partner and Co-President Kelly Jasin has been named as President of Emens, Wolper, Jacobs & Jasin. Founding Partner Bea Wolper moves to CEO in what many Conway Center members know is the succession planning journey. As Conway Center President and Succession Planning Peer Group facilitator for many years, Bea has spent many years teaching the owners of family businesses how to prepare for a successful transition and then, in turn, let go.
A Succession Planning Journey Complete – EWJ&J Announces Its Own Transition Read More »
This is an intereting article in Entreprenuer.com by Katie Murphy, a new Conway Center member and founder of Expansion Group. Fractional executives might be a good solution for family businesses that do not have a clear succession plan…yet. If you have a complex strategic initiative with an end date like the one I oversaw, this
How a Fractional Executive Can Take Your Business to the Next Level Read More »
What’s the secret to an effective succession plan for your family business? There really isn’t a straightforward answer. The Conway Center for Family Business has helped many businesses through succession planning challenges, and one thing is for certain – no two businesses are alike. Differences in family dynamics, interpersonal relationships, preparedness, non-family employee input, and
Featuring:Dr. Thaddeus O’Brien, O’Brien & AssociatesTobi Gold, Skilken Gold Real Estate DevelopmentFritz Reitter, Reitter Stucco & Supply Co. Inc.Kevin Schoedinger, Schoedinger Funeral and Cremation Service Understanding Generational Issues in Family Business The generations that launched many of our family businesses are living longer, resulting in more generations being involved in family business at the same
Closing the Gap: Understanding Generational Issues in Family Business Read More »
