Thursday & Friday, 9am-4pm
Course: MGMT 861.25 / Section: 354952 / Fee: $445
Instructor: Deborah Meng, MBA, CRCM, CAMS, large banking organizations, Federal Reserve Bank of San Francisco
Passing a business down to the next generation is more often than not, unsuccessful. Some statistics show that only one-third of all family businesses are successfully transferred to the next generation. Why do family firms so often fail to make the generational leap? Are there ways to beat the low survival rate? This course covers the essentials that both generations should know in running a long lasting family business. Topics include deciding if a business should be transferred to the next generation; accounting, financial, and legal considerations; developing and overseeing a succession plan; emotional intelligence; and avoiding common mistakes in business transfers. Click here to enroll!