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.
The First Bank Center for Family-Owned Businesses held a webinar on December 14, 2021, discussing the challenges that next generation business leaders face.
Engaging the next generation in the family business requires more than communicating with them about the business. It requires learning and understanding what is needed in order to bring value to the company.
A critical aspect of the longevity of a family business is selecting and preparing the next-generation leader.
Michael Dierberg, Chairman of the Board at FB Corporation (First Bank), offers insight into the importance of engaging and connecting with other like-minded family business owners for support and collaboration.