If you have a family-owned-and-operated, andyou’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.

Video: Family Business Succession & Key Employee Retention