Metro Calendar

Sept. 17- Proven Strategies for Generational Transition in Family Business
Louisville Marriott Downtown, 280 West Jefferson Street
Start Date:
Tuesday, September 17, 2013
End Date:
Tuesday, September 17, 2013
8:00 am - 11:30 am
Event Details:
Guest presenter David Ransburg, of the Family Business Consulting Group, will speak about Generational Transitions. Generational transitions can be messy, even at times ugly. Successful ones are rare. Over 65% of middle market business owners express a desire, during their lifetimes, to transfer their companies to the next generation. However, it has been estimated that (on average) fewer than 20% succeed in doing so. The major challenge is to reach consensus among the shareholders and transitioning generations. Every family business is different and there is no “silver bullet” formula, but we do know what strategies work best. It is important to remember (and often impossible to forget) that the key stakeholders involved are still family members, and emotions can blind us from the proper path forward.
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