Barry Bunther is a family business expert. He is a speaker and gentleman and has been helping family businesses cooperate and harmonize for over 30 years. He has been the lead consultant on more than 400 of his initiatives to help small businesses improve their performance. From strategy to planning to exit/exit strategies, Barry’s clients rely on him. A client and president of the 120-year-old family business said of Barry: His wisdom, encouragement and knowledge have helped us grow both personally and professionally over the past decade. ” If you want to learn more about Barry Bunser, please visit: BarryBanther.com.
Today we talk to Barry Bunther about succession planning for a family business and how to exit gracefully with the right plans. She also teaches her about the key issues unique to family businesses and the skills needed to run a successful family business.
“In a family run business, having an exit plan is essential. You have to make sure you are ready for any conflict. takes about five years.”
Listen to the podcast below.
This week’s SmallBizChat Podcast:
- Help families thrive in business and live in harmony.
- Separate business and family to ensure the success of both.
- A success plan, not a succession plan.
- Problems faced by family businesses.
- How to withdraw from the family business.
- Have a plan for disagreements and have clear communication channels.
- 5 skills you need to run a successful family business.
Resources mentioned:
Connect with Barry Bunther:
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