{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Disruptive Successor Podcast","title":"Episode 189 - Preparing For The Transfer of Ownership to the Rising Generation with Dan Frosh","html":"","width":"100%","height":180,"duration":2764,"description":"Dan Frosh is the director at the Merrill Center for Family Wealth. He works with enterprising families to navigate the complexities of wealth and family dynamics, aiming for multigenerational success. A trained attorney, Dan has previously served as a senior advisor at Cambridge Family Enterprise Group and writes and speaks internationally on family enterprises and family wealth. He is the co-author of an upcoming handbook for advisors on business families and family businesses.\n\nSHOW SUMMARY \n\nIn this episode of Disruptive Successor, host Jonathan Goldhill is joined by Dan Frosh, Director at the Merrill Center for Family Wealth. The discussion focuses on preparing for the transfer of ownership to the rising generation in family businesses. Topics include the importance of aligning on a family vision, developing the necessary skills and knowledge for future owners, and navigating governance structures. Dan shares insights from his experience and co-authored book, providing valuable advice for family business leaders. The episode concludes with the significance of collaboration and holistic planning to ensure smooth ownership transitions.\n\nKEY TAKEAWAYS\n\nFamily Business Succession Planning: Importance of preparing both ownership and leadership succession in family businesses.\n\nRole of Next Generation: The Significance of the rising generation in creating and driving the vision for the future of the family business.\n\nGovernance Essentials: The need for appropriate governance structures that evolve with the business through different generations.\n\nCore Skills and Education: Developing financial literacy, understanding business operations, and governance knowledge are crucial skills for the next generation.\n\nCollaboration and Communication: Vital role of clear communication and collaborative decision-making between generations in ensuring smooth transitions.\n\nQUOTES\n\n\"What hat are you wearing in each meeting as a board? You know, when the board meets, you put on your...","thumbnail_url":"https://img.transistorcdn.com/fzkIKBA2PNl6Glcet445Gbiy0fnqNjYhKNZIe8TjYts/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9iYmNj/ZDk4MjJkMTY2ZGQz/ZGMxYjQ5NWJmYTMx/NmM3Yi5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}