Episode 83: Plan for the Future, Preserve the Legacy with Jim and Bill Stranberg

Our guests today are Bill and Jim Stranberg. Jim is the founder of Stranberg Resource Group in Lake Forest, Illinois. His son, Bill, is a partner in the family firm. As a second generation, family-owned firm focused on CEO succession planning, search and selection business, they support family business leadership in their recruitment efforts.

In this episode of Family Business Today, you will learn:

• How Jim planned for his children to join their family business

• Should children get experience working somewhere else before joining the family business

• Three most critical factors family businesses overlook when planning for outside executive succession

• The most challenging conversation that family members undertake during the succession planning process

• And more…

To learn more about Stranberg Resource Group, visit their website at www.stranberg.com.

At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and working together they create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com.

If you are considering a transition in your family business contact us today for a FREE  Transition Assessment (follow link) and receive a one-on-one review of your business transition preparedness with a family business consultant.

Until next time, There’s No Business Like a Family Business…. We Know!