Succeeding at Succession 2025
Succession planning is about more than determining the next leader of a family business; it’s about setting a foundation for protecting the family’s legacy even as the torch passes to the next generation. It can be a difficult and emotional process, making it challenging to know where to begin.
This program has been built on experience, best practices, and practical steps, and will guide you in developing a path toward a successful succession plan.
Program Details: In partnership with Family Business Consulting Group, this program will help you identify and implement a plan to Succeed at Succession. It is designed to give participants an opportunity to learn from the experiences of others, apply these lessons to their own situations, and create a path forward for the family and the business.
The curriculum for the program will be addressed throughout three sessions, from 8:30am - 12:00pm on the following days:
- February 17, 2025
- March 13, 2025
- April 23, 2025
Who should attend: Current and future leaders of your family business enterprise. It is helpful to have both generations attend but not required.
Areas of focus include:
- Understanding the roles of owner, board member and leader and how they relate to each other
- Creating or updating family vision, values and expectations for business enterprise performance including growth, risk, profit, and liquidity
- The value of a Buy/Sell agreement in valuing, gifting and transacting
- Effective family and business governance structures and processes
- Helping the next generation of all ages learn about business in general as well as the family business specifically, discover their interests and prepare for a successful career
- The challenges of the now generation letting go and the next generation grabbing on and how those challenges can be successfully met
- Identifying and developing future leadership including family and non-family members
- The role of owners who are not otherwise involved in the family enterprise
- Ownership succession and estate planning considerations
To provide a highly customized and practical experience that addresses your specific succession needs, the group size will be limited to 12 – 15 family businesses.
Date and Time
Monday Feb 17, 2025
8:30 AM - 12:00 PM EST
Session 1: February 17, 2025
Session 2: March 13, 2025
Session 3: April 23, 2025
Location
Family Business Alliance
250 Monroe Ave Suite #150
Grand Rapids, MI 49503
Fees/Admission
Invoice and Refund Policy: Member organizations will be invoiced on January 2, 2025. Cancellations must be received by January 23, 2025 to receive a full refund.
Printed courtesy of www.fbagr.org/ – Contact the Family Business Alliance for more information.
250 Monroe Ave, NW, Grand Rapids, MI 49503 – 616-771-0574 – fba@fbagr.org