The ninth episode of Ask Andi series—short 15 minute podcasts every Friday where take a question and then offer tools, tips and strategies to help you re-think the issue and tackle it in new ways.

In this episode I discuss:

• The number of family firms in America and its impact on society and economy
• How many family firms are without succession plans
• The importance of planning succession early
• Why family firms don’t want to think about succession
• How family firms can start their succession plan with an external coach
• Things to consider for generational growth
• The importance of a selection process to choose a successor
• Why you should reaffirm your succession plan often
• Current owners working on their business rather than in it to stay involved

Resources Mentioned in This Episode:

• On the Brink: A Fresh Lens to Take Your Business to New Heights
• Simon Associates Management Consultants website