On this weeks episode of the show I discuss the fact that often the definition of success for a family business is its ability to pass the legal ownership of the business between generations. This is obviously a fantastic part of a family business, if that is what everyone wants.
But, what happens if that isn't the case and yet all the advice that is being received is focussed solely on the technical, legal and tax benefits of passing the business to the next generation?
I cover some of the alternatives and use a couple of examples of how focussing on wellbeing and discussing the alternatives lead to positive outcomes for all.
Links:
The link to the show discussing Employee Ownership Trusts is - https://fambizpodcast.com/episode35/
The link to the interview with Debbie Ekins is: https://fambizpodcast.com/life-outside-the-family-business/
You can also find out about her new businesses here: https://debbieekins.com/ and here: https://coolstoryco.com/
If you would like a copy of the wellbeing 'tool' that I discuss in the show, please email me: russ@familybusinesspartnership.com
Support the Show
The podcast is entirely self-funded by me. I am not looking for sympathy as it is something that I love to do and I have a passion for providing great content for family businesses across the world. Some listeners have asked for ways in which they can support the show, be that through reviews, sharing with friends or a donation. As such I have set up a page that outlines all the ways that you can support what I am doing.
Work With Russ
If what I have spoken about in the show resonates and you want to discuss how I can help you and your family business drop me an email: russ@familybusinesspartnership.com or head over to www.familybusinesspartnership.com
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