All of us have had experience with family businesses. They represent over two-thirds of privately held companies in the U.S., yet few people understand the unique challenges (and opportunities) that owning one presents. It requires a much more emotional approach to business than owning a traditional corporation—but that doesn’t mean emotion runs the show. In this episode, Shannon talks with Family Business Fanatic and EOS Implementer® Sara B. Stern about her simple, step-by-step guide to family business succession—Start Here: A Guide for Family Business Succession—and explores why family businesses need to be crystal clear on their core values and ownership philosophy if they want their companies to remain healthy many years down the line.
Just launched! Married to The Family Business: A Handbook for Spouses of Family Business Owners by Sara B. Stern, available for purchase here: https://www.thesagepages.com/ Get 25% off with discount code “coach”