The Next Chapter is a three-part breakfast series exploring how to navigate business transitions for privately-held companies.
Closely-held companies face unique challenges as they evolve. Careful and strategic transition planning is crucial to support ongoing success and honor the company’s legacy.
Lurie and LymanDoran are bringing together respected leaders who have successfully navigated these transitions to share their stories with you. Whether preparing your company for sale, planning generational succession or building capacity through outside management, this series will offer valuable perspective and insight from leaders who understand the complexities of private ownership and growth.
We hope you will join us for one or all three of these insightful discussions.
Part 2: Leadership Across Generations
Join family business owners who have beaten the odds and effectively navigated generational succession. Panelists will share stories and discuss best practices they have utilized with success.
According to the Harvard Business Review, 70% of family-owned companies fail or are sold before the second generation has the opportunity to assume ownership, while just 10% remain active, privately-held companies into the third generation. Although the statistics are daunting, careful and proactive generational succession planning can transform this difficult transition into a tool for increased engagement and future growth.
Pat Cronin, Incentive Services
Karin Gessner, Red Devil Equipment Company
David Miller, Minnetonka Moccasin
David Mortenson, M.A., Mortenson Companies
Complimentary breakfast from 7:30am – 8:00am
Panel begins at 8:00am
Minneapolis, Minnesota 55405