There’s perhaps no conversation that’s more difficult to have for family-run and independent businesses than the one that involves succession planning. In fact, that’s probably why only 30-ish% of family-owned businesses make it to the second generation of ownership. But why are these conversations so difficult, and how can independent retailers break through to ensure the longevity of their life’s work? We sat down with JRM Sales & Management founder and CEO Joe Milevsky to talk succession planning and a whole lot more.
Rob is the corporate communications manager for Nationwide Marketing Group.