Successfully transitioning a family business - whether to the next generation or an external buyer - requires careful planning, clear communication, and the right leadership. This session will provide a roadmap for structuring a smooth transition while navigating family dynamics, valuation considerations, and successor readiness. Learn how to manage conflicts, align expectations, and set up the business for long-term success.
Key Takeaways:
- How to determine the right timing for your transition and avoid common pitfalls.
- Effective communication and conflict resolution strategies to ensure a smooth leadership handover.
- The role of family and non-family leaders in driving a successful transition.
- Key steps to maximize business value and ensure long-term stability, whether selling to family or an outside party.