Video: Family Business Succession & Key Employee Retention

Video: Family Business Succession & Key Employee Retention

Working togetherIf you have a family-owned-and-operated, and you’re a baby boomer, you need to start thinking about who’s going to run the business when you retire. Something to remember: your style of doing business may be different than those of a Gen-Xer or a Millennial.

This videos shows some key points that you need to factor in when planning your family business succession:

You need to:

  1. Identify your high-potential leaders
  2. Understand their motives and goals
  3. Provide executive coaching & training
  4. Partner them with baby-boomer mentors

A SCORE mentor can help with this. Click here to schedule a free mentoring session.


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BySCORE Phoenix

The Greater Phoenix Chapter of SCORE is a nonprofit association dedicated to educating entrepreneurs and helping small businesses start, grow, and succeed nationwide. As a resource partner with the U.S. Small Business Administration (SBA), SCORE offers mentoring for small business owners through a large network of volunteer mentors, local workshops, events, and tools.

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