Secrets of Enterprising Families

In this episode, hosts Eric Czepyha and Nike Anani dive into the challenges and opportunities of business succession and wealth planning. They explore the complexities of ownership transitions, long-term financial planning, and the importance of engaging the next generation to ensure a business’s success across generations.

Our guest, Gina Staudacher, a tax lawyer with deep expertise in business transitions and succession planning, brings both personal experience and professional insight to the conversation. She shares strategies for structuring ownership, preparing for transitions, and balancing family dynamics with business priorities to create a lasting legacy.

In this episode, you will learn:
  • (04:33) Why long-term planning is essential for business owners
  • (11:21) Engaging the next generation 
  • (13:53) Balancing family and business priorities
  • (18:29) To sell or not to sell?
  • (20:05) Building a strong leadership team
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Remember to subscribe to Secrets of Enterprising Families to stay connected as we dive deeper into the strategies that empower families to manage wealth across generations. Don’t miss our next episode, where we’ll shift the focus to the rising gen - exploring their evolving roles, how they can prepare for leadership, and what it takes to step into ownership successfully.

What is Secrets of Enterprising Families?

Why are some families successful at building and sustaining their wealth, generation after generation?

Welcome to Secrets of Enterprising Families, a podcast from The Northern Trust Institute devoted to unlocking the specific strategies that multi-generational families use to transfer their values, wealth and legacy from one generation to the next.

In each episode, hosts Nikè Anani and Eric Czepyha will interview a nationally recognized expert on a different wealth planning topic, from marriage to the arrival of children to specific advice for business owners and corporate executives.

Northern Trust is a leading global financial institution that has helped families navigate the complexities of wealth for more than 130 years.

Nikè Anani is the Director of Next Gen Advisory at Northern Trust, specializing in preparing future generations for wealth ownership. Eric Czepyha is the Director of Business Services at Northern Trust and works with multi-generational business owning families on business transitions and succession planning.

Brought to you by the same team behind The Road to Why podcast, Secrets of Enterprising Families will empower you with strategies to tackle financial challenges in a way that engages each member of your family. Subscribe today.