The Successful Transfer of Family Wealth & Business

Join Jonathan Krueger as he interviews Henry Hutcheson, President and Founder of Family Business USA and has 25 years of experience in business management and global family business consulting across a range of industries and is a veteran of a family business himself. He is a frequent corporate and university speaker, as well as a columnist and writer for the News & Observer, Charlotte Observer, Nursery Retailer, The State, and Family Business Magazine. He has been quoted in the Wall Street Journal, Crain’s, and other business and trade magazines. His new book is Dirty Little Secrets of Family Business (3^rd edition): Ensuring Success from One Generation to the Next.

IN THIS EPISODE:

On today’s show we will be talking to Henry Hutcheson, President and Founder of Family Business USA and has 25 years of experience in business management and global family business consulting across a range of industries and is a veteran of a family business himself. He is a frequent corporate and university speaker, as well as a columnist and writer for the News & Observer, Charlotte Observer, Nursery Retailer, The State, and Family Business Magazine. He has been quoted in the Wall Street Journal, Crain’s, and other business and trade magazines. His new book is Dirty Little Secrets of Family Business (3^rd edition): Ensuring Success from One Generation to the Next.

During this episode you’ll hear:

• What inspired him to write Dirty Little Secrets of Family Business
• What “dirty little secrets” means
• Why family businesses are not really structured to last past a generation or two
• The handicaps third generation business owners face that keep them from running the business successfully and honor the traditions of the business
• What brings on the sense of entitlement the founders’ children feel
• How to mitigate that sense of entitlement
• The single toughest challenge for a family business
• What happens when there’s no one to take over leadership of the family business
• The smartest way for a family business to plan for succession and where to start

Jonathan Krueger is an Investment Advisor Representative with Lion Street Advisors, LLC, a Registered Investment Representative and a Registered Representative with Lion Street Advisors, LLC member SIPC. Opinions expressed on this program do not necessarily reflect those of Lion Street Advisors, LLC or LionsGate Advisors. The topics discussed, and opinions given are not intended to address the specific needs of any listener. Neither Lion Street Advisors, LLC nor LionsGate Advisors offer legal or tax advice; listeners are encouraged to discuss their financial needs with the appropriate professional regarding your individual circumstance.

RESOURCES:

The Source: Henry Hutcheson has 25 years of experience in business management and global family business consulting across a range of industries, and is a veteran of a family business himself. He is a frequent corporate and university speaker, as well as a columnist and writer for the News & Observer, Charlotte Observer, Nursery Retailer, The State, and Family Business Magazine.He has been quoted in the Wall Street Journal, Crain’s, and other business and trade magazines. His new book is Dirty Little Secrets of Family Business (3^rd edition): Ensuring Success from One Generation to the Next. Learn more at www.familybusinessusa.com.