Our show today focused on family business success tips with Jon Keimig, Director of the Family Business Center at the University of St Thomas. Jon's been a family business advocate for many years and his programs are known and respected across the country.
Here are a few key takeaways from our show:
1. The biggest issue facing family business today is poor communication. Jon recommends families “normalize their communication”
2. Successful Family Businesses use Governance as a powerful tool to build upon their family legacy.
3. Successful Family Businesses use outside advisers to facilitate communication, growth and positive change management.
4. Define your values and your founding story as a family. Your decisions should be based on what you value most as a family and as a business.
5. Family businesses comprise 67% of all privately held companies in the United States, employing over 98 million people. Their successful business exit or transition is crucial to our local, state and national economies.
For more information, listen to this episode and then contact Jon Keimig at https://www.stthomas.edu/familybusiness or https://www.linkedin.com/in/jon-keimig/
Find Julie here: https://www.poisedforexit.com
#poisedforexit #familybusiness #businessfamily
Are you ready for your best exit? There is no time like the present to prepare.
Check out these resources offered by KeyeStrategies:
- Business Readiness Transition online course
- Free Ebook download here
- Purchase Poised for Exit book here
