In this episode of Family Business Today, Dave will share:

• That family businesses should take every opportunity to be proactive in preparing the rising generation, whether or not they enter into the family business

• How family businesses need to become less informal and more professional over time

• That success needs to be defined personally and intentionally for every family business generation

• How running event simulations can help a family business see what decisions are wrapped up in one member of the business

• That the rising generation needs to feel what it feels like to be an owner before they take over the family business

• And more…

In this episode of Family Business Today, Steven will share:

• How many family business owners put off planning for ownership in the future to avoid family conflict in the present

• That establishing planning begins with a founder who is willing to plan

• The details surrounding transferring your family business to non-family owners

• How to avoid common tax pitfalls in buy-sell agreements

• How to choose the right guardians and trustees and ask the right questions when making a will

• And more…

In this episode of Family Business Today, Anthony will share:

• How his passion for helping family businesses was influenced by his childhood experiences

• How “objectivity goes by the wayside” when family business owners discuss transitioning their business

• How family business transition experts can work together like a medical team

• That most family businesses may not plan for the unexpected in their family business transition plan

• The most common mistakes and questions he has seen and heard from his family business clients

• And more…

Aggie Johnson, CFP®, CPWA® is the founder and owner of WillKate Family Enterprise Office in Sioux Falls, South Dakota. She focuses on purposeful planning that helps build lasting family wealth beyond the balance sheet….

Your host, Greg Lewis, talks to Travis Harms, Sr. Vice President at Mercer Capital located in Memphis, Tennessee about the importance of a business valuation in helping you and your family have a realistic understanding of the value of your business and/or the value of your shares. This is critical for business and personal decision-making and planning for you and your family business.

Succession Planning is an unfamiliar challenge for most business owners. The anxiety of planning is often aggravated when family members are involved in the business. Our guest today is Bradley J. Franc. In his new book The Succession Solution: The Survival Guide for Business Transition, Bradley provides both an explanation of the importance of succession planning.

Nearly 50% of successful business owners want to exit their companies within the next five years. Is an ESOP right for me? On this episode of Family Business Today, Greg Lewis interviews Tim Jamison with Prairie Capital Advisors to discuss his experiences involved in developing Employee Stock Ownership Plans (ESOP) and the advantages of an ESOP for business owners.

On this episode of Family Business Today, Greg Lewis interviews Jake Avila to discuss his experience being involved in his family's business and his academic research related to healthy family relationships in family business.

On this episode of Family Business Today, Greg Lewis interviews Dana Holmes of 2nd Generation Capital to discuss planning and funding an exit that includes an eventual passing of the family business to your children. 2nd Generation Capital was originally formed in 1994 to meet family shareholder needs for liquidity, growth financing and ownership transition services.