Barry Banther is a household enterprise professional. He’s a speaker and a gentleman, and he has been serving to household companies work collectively and stay collectively in concord for over three a long time. He’s been a lead marketing consultant on over 400 engagements to assist enhance small enterprise efficiency. From technique to planning to secession and exit methods, Barry’s purchasers rely on him. A consumer and president of a 120-year-old household enterprise described Barry this fashion, “Barry is a pacesetter of leaders. His knowledge, encouragement, and information have helped us develop personally and professionally for the previous ten years.” If you would like extra details about Barry Banther, go to BarryBanther.com.
Immediately I speak to Barry Banther about succession planning on your family-owned enterprise and exit gracefully with the correct plans in place. He additionally shares with us the highest issues which might be distinctive to household companies, in addition to the talents which might be wanted to guide a profitable family-owned enterprise.
“In a family-owned enterprise, it’s crucial that you simply do the exit planning. It’s essential to be sure to’re prepared for any contentions. It takes about 5 years to place not solely the plan in place but in addition to organize all of the folks which might be concerned to organize these folks.”
Hearken to the podcast beneath:
This week on SmallBizChat Podcast:
- Serving to households thrive in enterprise and stay in concord.
- Separating the enterprise and the household to ensure each succeed.
- Success planning, not succession planning.
- Issues that household companies have.
- Methods to exit a household enterprise.
- Having plans in place for disagreements and clear communication channels.
- The 5 abilities wanted for main a profitable household enterprise.
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