044-The Key Questions to Protect Your Wealth and the Family Business
Manage episode 498762465 series 3562982
What if handing the business to your kids does more harm than good?
In this episode, Adam and Steve Burton talk about the emotional and financial complexities of passing down a family-owned business. Drawing insights from the book Every Family’s Business by Thomas William Deans, they explore the often-ignored questions that can make or break a legacy.
Adam and Steve discuss:
(00:01) The real risks of assuming your kids want—or are ready—to take over
(00:06) Why differing visions between generations lead to conflict and burnout
(00:12) How ownership structure and communication prevent team disruption
(00:16) Why annual valuations and succession plans protect the entire family
And more
Resources:
Get your free personalized report at www.scaletosell.com/value
Unlock your business’s potential with our free Scale to Sell self-assessment
Every Family's Business: 12 Common Sense Questions To Protect Your Wealth by Thomas William Deans
Unlocking the Current Value and Dream Value of Your Business with Jason Early (Ep. 43)
Connect with Our Team:
Connect with Adam Burton and Steve Burton:
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