IEE 2024 Educational Program Series: Empowering Family Enterprises: Strategies for Innovation, Inclusivity, and Succession by Laurie Barkman

Approximately 40% of family-owned businesses in the United States are second-generation businesses. Given the typical timeline for generational transition, many companies have been operating for at least 30 years. The survival and success of family businesses is influenced by many things including effective succession planning and adaptability to market changes.

While many family businesses demonstrate resilience and longevity, others face disruption risk as mature businesses get more distanced from their entrepreneurial roots. What made your business successful yesterday may not be enough for tomorrow.

You’ll be equipped with actionable strategies to future-proof your business, recognizing the pivotal role of innovation and inclusion in navigating succession challenges and sustaining long-term prosperity in the ever-evolving business landscape.