60% of the workforce is employed in family businesses in the United States. And only 3% of family businesses survive into the 4th generation. For successors of such businesses, how do they beat the odds to survive and even multiply a multi-generational business?
We learn how to be a “disruptive successor” from our guest today, Jonathan Goldhill, author of Disruptive Successor: A Guide for Driving Growth in Your Family Business and founder of The Goldhill Group, which provides coaching to multi-generational, family business owners of construction, manufacturing & service businesses.
Jonathan teaches the survival statistics for multi-generational family businesses, the 7 P’s successors need to transform their family business into a smashing success, and shares examples of real family businesses which failed, and which succeeded based on the decisions of the successors who took them over.
Listen below!
Tune in to our podcast, “Win-Win: An Entrepreneurial Community” and catch this insightful episode on your preferred podcast platform.
Many of our Fractional COOs work with owners to beat the odds to have their family business sustain, grow, and set up for successful succession. If you have a family business, book an educational call to learn what a Fractional COO does and how they can support your unique situation.
