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This edition: Challenges of Transitioning to Next Generation

Episode Details

Original tape date: September 16, 2014.

First aired: October 7, 2014.

According to Paul Rich, 60% of businesses in America are family businesses, that includes Sears and Walmart. What happens when family members join the business? The first generation works hard growing the business, foregoing salary, vacations; 2nd generation may want to join the company, but only 1/3rd of 2nd generation companies survive. What are the secrets of successfully transitioning a business - generation to generation?

Guest List

Joseph M. Mattone, Sr. Chairman & CEO, The Mattone Group, LLC

Joshua L. Muss Chairman & CEO, Muss Development

Paul H. Rich Partner Emeritus, Rothstein Kraus

David A. Sterling Chairman & CEO, SterlingRisk