The LEARNING library

Unraveling the Family Business

Of the 200 business owners surveyed by Wilmington Trust Corporation, 58% of them have not created a transition plan. When asked why, 78% of them said that they enjoy running their company. Even more shocking, 45% of these business owners are over the age of 65. From our observations, an entrepreneur may have an easier time facing death than their last day of work.
Today’s special guest, Casey Petz, is a coach for entrepreneurs. When his father passed away unexpectedly, Casey was left with a family business to unravel … and it started at his father’s hospital bedside.
Casey knows full well the fallout from failing to plan.