Published July 10th, 2023
Preparing the Next Generation: A Family Business Roadmap
The riskiest time for a family business occurs during changes in ownership and leadership. With the great wealth transfer of family businesses now underway, next generation transitions will ramp up quickly. So much is at stake for the business families themselves, their local communities that rely on them and even our national economy. It’s vital that these transitions are successful.
Research that identifies a clear path to a smooth transition is valuable to business families, advisors to those families and the whole family enterprise ecosystem. That is what this research addresses, and it provides key insights on:
- What are the keys to maintaining family harmony and business longevity?
- What has worked well in their succession and transition planning journeys?
- What are the roadblocks and pitfalls to avoid along the way?