In this episode, we sit down with Stuart Wesley, the principal consultant at Oasis People and Culture. Renowned for his expertise in culture development, leadership coaching, conflict resolution, and developing relational maturity and human interaction skills which uniquely positions him to address the challenges and opportunities that arise during the succession process.

During our conversation, we explore the crucial questions one must ask when embarking on the journey of succession planning. Stuart shares his insights on the most important considerations to ensure a smooth transition of leadership within a family business. From assessing the family's readiness to identifying potential conflicts, we delve deep into the core aspects of this critical process.

We also explored the role of legal and accounting professionals in the succession process - How families should involve these experts to ensure a well-structured and legally sound transition. By drawing parallels with non-family businesses, family businesses can learn valuable lessons in terms of succession planning and the importance of appointing qualified individuals.

Join us in this thought-provoking episode of "Boots Off, Log On," where we navigate the complexities of succession planning, unravelling the challenges and opportunities that lie ahead for family businesses.

Disclaimer

The information provided in this podcast is general in nature and does not in any way constitute financial, investment, accounting, tax, or legal advice. You should always consult with relevantly qualified and licensed professionals for advice tailored to your specific situation and requirements. The opinions expressed are our own and do not reflect those of our sponsors or any third parties.