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. Yet, 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 between the Family Business Alliance and the 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:
Tuesday, February 6th, 2024
Tuesday, April 16th, 2024, and
Wednesday, June 5th, 2024
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
Attendees must commit to completing the preparation and attending all three sessions in-person at the Grand Rapids Chamber of Commerce.
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. Registration will close for this program on January 22, 2024.
Session 1: February 6, 2024 Session 2: April 16, 2024 Session 3: June 5, 2024
Family Business Alliance
250 Monroe Ave Suite #150
Grand Rapids, MI 49503
FBA Member Price: $495 Non-Member Price: $895 *Members May Receive Complimentary Ticket(s) in Accordance with Membership Level* Invoice and Refund Policy: Member organizations will be invoiced on January 2, 2024. Cancellations must be received by January 23, 2024 to receive a full refund.