How can family businesses navigate the complexities of succession planning to ensure a legacy of success?
In this episode of the Capital Club Podcast, Brian sits down with Dan Beenken, Director of the University of Northern Iowa Family Business Center. With over 15 years of experience in succession consulting, Dan delves into the unique challenges and opportunities that come with family business succession planning. From "Jerry Springer moments" to strategic success stories, this conversation sheds light on the importance of communication, preparation, and the delicate balance of family dynamics in business. Listeners will gain invaluable insights into creating a sustainable legacy for generations to come.
[00:01 - 08:17] The Genesis of Succession Planning
[08:18 - 16:10] Navigating Generational Transitions
[16:11 - 24:08] Building a Framework for Success
[24:09 - 31:44] Case Studies and Success Stories
[31:45 - 36:06] Lessons Learned and Best Practices
Key Quotes:
"For everybody, it's so much easier to hold others accountable than it is to hold yourself accountable." - Dan Beenken
"Clear is kind, and unclear is unkind." - Dan Beenken
Connect with Dan!
Website: https://unifamilybusinesscenter.com/
LinkedIn: https://www.linkedin.com/in/danbeenken
This episode is sponsored by Mack International, a specialized executive search and human capital consulting firm serving the family office/wealth management markets. Please visit their website here for more information.
Connect with me:
https://www.linkedin.com/in/brian-c-adams/ (LinkedIn)
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