Todd Weber spoke at the April 17th meeting of the Worthington Estate Planning Council at Worthington HIlls Country Club. The topic of the month was "Family Business Succession Planning Personalities and Pitfalls," addressing the diverse cast of characters and difficulties often encountered in implementing any successful transfer of leadership and ownership in family businesses. With a focus on soft-side planning issues and solutions, Todd covered:
The Role of the Trusted Advisor in the Process -
Strategic Planning
Managing Personalities
Managing Conflict
Providing a Path to Resolution
Founder Issues and Solutions -
Procrastination
Indecision
Willingness and Involvement
Successor Issues and Solutions -
Processes for Identification and Development
Merit vs. Expectancy
Key Non-Family Personnel
Authority and Opportunity
Fundamental Concepts -
Educate, Communicate & Facilitate
Limiting Discord and Conflict
Business / Family Culture and Core Values
Team Based Approach
Presentation materials will be made available on a future date.
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