Leadership Transitions: Handing over the Reins

Friday, October 31, 7:30 AM

Family Breakfast Series

Stepping down can be a very complicated matter, raising more questions than answers:

  • What do incoming and outgoing leaders need to do before the transition?
  • What implications will this have on the family? The business?
  • What does “retirement” for the outgoing leader look like?

Hear from successful family businesses that have gone through leadership transitions. Learn lessons from their experiences, goals they set for the final years running the business, what the years after stepping down look like, and what family members and business advisors did to make it a smooth transition.

Keeping family businesses viable across generations isn’t easy. Only 30 percent survive to the second generation and just 12 percent to the third. After this discussion, your family will be better prepared to transition the company at the time that’s best for the business and the family, and lay the groundwork for generations to come.

A note to family business advisors: The breakfast series is restricted to members of family businesses.