An Essential Checklist for Effective Family Business Transition

In this episode, host Elizabeth Ledoux walks us through a checklist of items that are important for members of a family enterprise to consider when embarking on an intergenerational family transition.

A business transition for a family can be fraught with issues, conflict, and challenges. Yet, with thoughtful planning, an attitude of gratitude, and Elizabeth’s checklist, your family business transition can be smooth and can create opportunities for people to learn, share, and grow together.

Download for free the “Family Business Transition Checklist”: http://transitionstrategists.com/44

Read Elizabeth’s article that she wrote for TIGER 21: “Intergenerational Transition of a Family Enterprise: A Checklist”: https://tiger21.com/insights/generational-family-business-transition/

This article runs through a checklist that includes:

Prioritizing healthy relationships.

Clarifying the enterprise’s culture and legacy.

Managing the distinction between family and enterprise relationships.

Establishing respect between and among generations.

Setting a vision for the future.

Acting with gratitude.

Connect with Elizabeth Ledoux and the Transition Strategists:

Website: https://transitionstrategists.com/

Facebook: https://www.facebook.com/thetransitionstrategists

Elizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/

Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/

Transition Strategists on YouTube: https://www.youtube.com/@transitionstrategists

Subscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:

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Get Elizabeth Ledoux and Laura Chiesman’s latest book, "It’s A Journey: The MUST-HAVE Roadmap to Successful Succession Planning": https://amzn.to/3oq2LQv

This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.