Recent surveys have unveiled a resounding consensus among family business leaders: the imperative to explore untapped territories ranks among the top priorities for strategic evolution.
To help businesses ensure a seamless transition of leadership, here are some key considerations we’ve learned from our own experience.
Headquartered in Saint Louis, MO, St. Louis Metro Electric Supply, Inc., a wholesale distributor of electrical supplies and operator of several retail lighting stores, has been providing wholesale electrical and retail lighting solutions since 1967.
Dovetail Furniture opened its doors 30-years ago, led by co-founders Charlie Shaw and Ted Einstein. Barbara Einstein, Ted’s wife, later joined the organization and is credited with helping the company evolve creatively.
Business owners anticipate changes in the future with things like strategic planning, life insurance policies, estate and trust documents, and more. However, what happens when all of this is circumvented by life changing events with family members and key employees?
The First Bank Center for Family-Owned Businesses held a webinar on November 9, 2021 discussing the topic of succession planning.
The First Bank Center for Family-Owned Businesses held a webinar on August 10th, 2021 covering strategic planning as a foundation for family business succession.