Case Study #4: Preparing a 3rd generation family business for continuity.

Problem: Family business structure does not support a new generation of business owners in terms of financial, organization, communications and governance practices.

Approach: Develop family continuity plan and create a succession road map.

Decision: Design a business exit for current family management team; design an entry and build management readiness for next generation family participants.

Results: 4 out of 5 G3s transitioned in; 1 out of 2 G2s transitioned on; G2s & G3s excited, relieved and reenergized; business poised for next phase of growth.