#819 Is Family Business Succession a Family Affair or a Family Fiasco?

Segment 1 with Karla Trotman starts at 0:00.

As Baby Boomers prepare to retire, family-owned businesses across the nation are at a pivotal crossroads. Transitioning leadership and ownership is a complex process, often more challenging in family-run businesses, especially for Black-owned enterprises that face unique obstacles in succession planning and recognition.

Karla Trotman, who CEO of Electro Soft, Inc.,a Black-owned electronics manufacturing company, has first-hand experience with all these challenges.

With her own story of leading Electro Soft, Inc. through COVID-19 and a long transition process, Karla brings a wealth of personal experience and practical advice. She is also the author of "Dark, Dirty, Dangerous: The Vibrant Future of Manufacturing", where she explores how diversity and inclusion can redefine American manufacturing.

Segment 2 with Kate Gladdin starts at 22:01.

I have talked about the importance of resiliency every since I wrote my second book called "Bounce!: Failure, Resiliency, and Confidence to Achieve Your Next Great Success".

Kate Gladdin is an international speaker, certified life coach, resilience specialist, and podcast host. Named one of Australia’s 100 Women of Influence. A native of Sydney, Australia, she now makes her home in Wyoming with her husband, Nate, and enjoys playing in the snow with their pup, Jaku.

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Listen to all the episodes of The Small Business Radio Show at www.barrymoltz.com