Only one-third of family businesses make it to the next generation. What are you doing today to help your clients' family businesses last?
In this episode, David Lenok, senior editor at WealthManagement.com, speaks with Mitzi Perdue, a businesswoman, author and public speaker. Mitzi is also the daughter of Sheraton Hotels’ co-founder and wife to the late Perdue chicken icon Frank Perdue. Now, Mitzi shares advice on how to develop a family culture that supports keeping the business in the family.
In this episode, you will learn:
- What advisors need to focus on to encourage long-term family business success
- Why Mitzi recommends hosting endowed family vacations
- The purpose of an ethical will
- Tips for creating an inclusive family culture
- And more!
Tune in now for this heartwarming conversation that’s filled with practical advice on how to develop your family’s culture.