Management Succession Planning for Family Businesses

Conflict can happen at all levels of a family-run business. In any work place there are areas for conflict to grow and the best way to handle it is by facilitating a discussion. Les Banwart has helped many family businesses deal with the challenges of transitioning to the next generation. Les digs into the benefits [...]

A lot of business owners don’t want to think about the problems a family meeting can raise. An owner still needs to share how he wants his company to grow and transition to the next generation. Les Banwart has helped many family businesses deal with the challenges of transitioning to the next generation. How to [...]

Family members may have shareholder rights, but should they work in the family business based on relation not merit? Some children feel employment is their right. Some parents will feel the same way. Les Banwart has helped many family businesses deal with the challenges of transitioning to the next generation. Les explains how to create [...]

Les Banwart has helped many family businesses deal with the challenges of transitioning to the next generation. So what’s involved in this planning process? What are the common pitfalls, and how can they be avoided? Les has the answers, plus lots of other practical advice for owners who are ready to get started.
Duration : 0:0:24

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Participants at this coffee and candor will find out why it’s critical to include succession in long-term planning. The open discussion will touch on common succession issues, address key factors to consider in the planning process, and offer plenty of helpful insights for anyone who’s ready to get started. Your facilitator for the session [...]

Participants at this coffee and candor will find out why it’s critical to include succession in long-term planning. The open discussion will touch on common succession issues, address key factors to consider in the planning process, and offer plenty of helpful insights for anyone who’s ready to get started. Your facilitator for the session [...]

The owner’s management team needs to understand any successful transition plan. Les Banwart has helped many family businesses deal with the challenges of transitioning to the next generation. Management’s key role is examined by Les in this short excerpt from Succeeding with Succession – Expert Perspective.
Duration : 0:1:24

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