Family Business: "Shirtsleeves to Shirtsleeves" or Hope for the Future? (Ep. 41)

Join Jerry Murray, Leron Lehman, and Brian Black in this episode of The North Group Podcast as they discuss the outlook on success for family businesses. Statistics claim that less than half of family businesses survive transition from the first to the second generation, and fewer than 5% reach the fourth generation. Is the future truly this grim or is there a hopeful path forward? At North Group, we believe that family businesses are a gift to their communities, teams, and customers. Their success also requires a great deal of humility and intentionality. Along with these topics, Jerry, Leron, and Brian discuss: - Challenges families face in transitioning from generation to generation - Advice for building strong family relationships within and outside the business - The role of consultants in supporting family businesses through these transitions. Most importantly, they share how there is hope for each unique family and business navigating these transitions.