Latest interesting podcast from Aidan McCullen, see more by him here. Transformation Consultant @FlowUkandIre| Innovation Show @TheInnoShow| Prof Trinity College | Keynote Speaker | TTT Blog

Success insights for longevity in your businesses

If approximately 70 percent of all businesses are family businesses, and two out of three don’t survive to the next generation, what can you do to make sure your business will survive and thrive?

Dirty Little Secrets of Family Business/ Ensuring Success from One Generation to the Next with Henry Hutcheson

Today’s episode comes clean with much-needed info on nitty-gritty issues, such as entitlement, letting employees (even family members) go when they just aren’t working out, compensation, including:

Your kids in the business (when to bring them in, help them move up, and prep them to take over),

Shareholder agreements

Selecting the next leader

Deciding whether to keep the business or sell it

Exit strategies for outgoing leaders

Money matters

Succession planning

Communication

Conflict resolution

Establishing an effective board

Transitioning to the next generation.

We can apply the many ideas and tips in this engaging guide to address any business situation, family or otherwise.

We welcome Henry Hutcheson, the author of “Dirty Little Secrets of Family Business: Ensuring Success from One Generation to the Next”.

More about Henry here:

https://www.familybusinessusa.com/

Consulting Services for Family Businesses

Are you struggling to figure out how to transition the leadership of your family business, and do so in a manner where all family members are ok with the answer? And once that is accomplished, how will you divide up ownership so that the company runs effectively but is also reasonable fair among your children? Are family members either arguing or not talking to each other because of these issues?

Family Business USA helps you find all these answers specific to your family and business.

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