Banwart Strategies LLC

STREAMING INSIGHTS

Responsibility of Ownership

Transferring ownership from one generation to the next needs to include a process of educating the younger generation before the transfer. Les Banwart has helped many family businesses deal with the challenges of transitioning to the next generation. Les examines how this is handled.

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Communication

The last thing you want to do is have a transition plan for your company that catches employees off guard. Les Banwart has helped many family businesses deal with the challenges of transitioning to the next generation. Les explains how communication is key to implementing new successes and how to include all stakeholders.

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Conflict

Conflict can happen at all levels of a family-run business. In any work place there are areas for conflict to grow and the best way to handle it is by facilitating a discussion. Les has helped many family businesses deal with the challenges of transitioning to the next generation. He digs into the benefits of getting beyond conflict in this short excerpt.

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Value of Family Meetings

A lot of business owners don't want to think about the problems a family meeting can raise. An owner still needs to share how he wants his company to grow and transition to the next generation. Les Banwart has helped many family businesses deal with the challenges of transitioning to the next generation. How to face and approach a well-run family meeting is Les's focus for this short excerpt.

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Letting Go

A major priority of any successful succession plan is ensuring that power and authority are truly transferred. Making sure the first generation is comfortable with its own plan is the focus of this short excerpt. Les has helped many family businesses deal with the challenges of transitioning to the next generation.

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