Episode 6: Dana Holmes of 2nd Generation Capital

On this episode of Family Business Today, Greg Lewis interviews Dana Holmes, the Managing Member of 2nd Generation Capital since 2006.

2nd Generation Capital is a boutique firm in Nashville affiliated with local accounting firm Kraft CPAS.  They serve as a broker/dealer and investment banking firm that provides advisory work, valuations, exit planning and strategic planning focused on privately held businesses.

Dana discusses many of the issues that arise in the process of transferring control of a business from generation to generation including:  the importance of transferring skills, not just equity; advantages of a family meeting structure; practices that lead to the best transitions; “company habits”; key employees; roles of non-active family members; and how to’s on determining a leader.  

To learn more about 2nd Generation Capital, visit their website at:

www.2ndgeneration.com

Family Business Today is hosted by Greg Lewis.  Family Business Today is produced by the Tennessee Center for Family Business.  To learn more about the Tennessee Center for Family Business, visit our website at:

www.tncfb.com

Podcast made with help provided by Visual Media Co. https://www.visualmediaco.com/