Passing the Family Business Torch with EOS | Sara B. Stern | Ep 223

Welcome back to another episode of Better Business, Better Life. Host Debra Chantry-Taylor is joined once again by family business expert, Sara B. Stern to tackle one of the most critical and often avoided topics of family businesses: succession planning. On this second part of the family business special, they discuss why successful transitions take time (often up to eight years), how to start the conversation early, and why clearly separating family, ownership, and business roles is key. Sara also shares practical tools like EOS and the Three-Circle Model to help families define legacy, align on goals, and make confident decisions about the future. If you're thinking about handing over the reins or just want to set your business up for long-term success, this episode is packed with actionable advice and real-life insights. CONNECT WITH DEBRA:         ___________________________________________         ►Debra Chantry-Taylor is a Certified EOS Implementer | Entrepreneurial Leadership & Business Coach | Business Owner ►Connect with Debra: [email protected] ►See how she can help you: https://businessaction.co.nz/       ____________________________________________         GUEST’S DETAIL: ► Website Link  ► Grab a copy of Start Here: A Guide for Family Business Succession and  ► Grab a copy of Married to the Family Business ► Sara B. Stern - LinkedIn  Chapters:   00:32 - Introduction 02:15 - Sara B. Stern's Background and Expertise   04:23 - Challenges in Family Business Succession Planning 07:25 - Importance of Defining Legacy and Ownership Philosophy   09:29 - Operating the Business Professionally   21:38 - Addressing Conflicts and Seeking Professional Help 22:24 - Real-Life Examples and Practical Advice   26:12 - Final Tips and Tools for Succession Planning   31:55 - Conclusion and Future Plans