Mentorship May Increase Next Gen Engagement in the Family Business

Libby Turner |
Emerald GEMs

October 6, 2020, GEM 23—Many successful family businesses use mentorship programs to engage younger generations and overcome some of the challenges associated with inter-generational succession. In addition, effective mentoring may help reinforce a shared vision and company values across generations. Family Legacy Coordinator Libby Turner discusses how effective mentoring can help pave the way for a successful business transition to the next generation.

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Episode 12: Preparing Your Family Business for the Next Crisis

Marguerite C. Weese |
Emerald GEMs

July 21—The unexpected arrival of the COVID-19 pandemic created much disruption for families and businesses alike. Now is the time to ask: What can I do to better prepare my family and our business for the next potential crisis? National Director of Family Legacy Planning Marguerite Weese discusses the importance of taking the time to equip your family with the tools they need to weather the next storm.

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Episode 5: Family Business Valuation During a Crisis

John W. Lindak, CFA, ASA |
Emerald GEMs
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June 2— With a major economic downturn and businesses hit particularly hard from the COVID-19 pandemic, many family business owners are asking: What does this mean for the valuation of closely held businesses that have no readily observable market prices? It stands to reason that the same uncertainties sweeping through the public markets would also impact smaller private companies in even more profound ways, with travel, leisure, and retail businesses being especially hard hit.

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