Working with siblings can be one of the greatest personal and professional experiences an individual can have. It can also be one of the greatest challenges, especially when the founder transitions family business ownership to the next generation. For many siblings, this is the first time they sit around a table as equals and discuss their hopes and fears for the future.
During this webinar, we’ll share three essential areas where siblings need to clarify their shared purpose and expectations for the family enterprise going forward:
Roles and decision making: Who’s doing what? Who has what authority and autonomy?
Leadership: Where does the buck stop? How will we determine our next leader?
Ownership: What does ownership look like in our family business? What’s our new reality? What will change?
Investing the time and energy into these conversations will not only help with the transition but also teach siblings how to listen to each other and effectively launch their partnership.
This webinar is ideal for founders and siblings starting the planning process and those who have made the transition and need help with alignment. Running time: 60 minutes.
About the Presenters
David Karofsky is a senior consultant with The Family Business Consulting Group with over 25 years of experience coaching and consulting to individuals, families and companies to develop better cross-team communication and build alignment among the senior management team. His client work is focused on executing the transition of ownership and leadership, professional development, conflict resolution, strategic planning and forming governance structures for family and closely-held businesses.
Nicole Bettinger Zeidler is a consultant with The Family Business Consulting Group, specializing in communication, conflict resolution and training next generation family business leaders. Her experience includes facilitating family meetings, educating families and aligning ownership groups. She has a personal understanding of family business and succession as her family owned and operated a grocery store for 95 years before converting into a co-operative.
You can also access hundreds of in-depth articles written by our team that address the unique challenges faced by family enterprises from communication and conflict to succession and continuity. Visit our Article Library.
Do You Have a Succession Plan?
We can help. Succession planning is an ongoing process that includes critical decisions as well as careful planning and preparation. Our consultants can design a custom plan that aligns with your family’s values, builds a strong foundation for future business success, prepares successors for increased leadership and ownership responsibilities, and creates a seamless transition to the next generation and beyond.
To learn more about our Succession and Continuity Planning services, contact us at firstname.lastname@example.org or 773-604-5005.
Written and edited by our team of practitioners, our email newsletters feature original thinking on all of the topics that face family businesses. You'll also receive news about our upcoming events and webinars. Sign up here and stay in the know!