When Family and Business Collide: The Real Story of Succession Planning with Bob Paden

Other than the founding of the business, succession from one generation to the next is the most important event a multigenerational family business will ever experience. And yet, most owners delay it, treating succession like something they can deal with later, when retirement is closer, when the next generation is ready, or when it feels more urgent.  That waiting creates real risk and often leads to poor outcomes, and the challenge doesn't rest only with the owners.  Many next-generation leaders are unsure, or unwilling, to take over at all. In reality, succession is rarely as straightforward as simply preparing the next generation to step into leadership and ownership.  In this episode, Todd Rimer sits down with Bob Paden, a business broker and advisor, owner of Bob Paden Group, a member of Advanced Business Brokers, and a licensed Value Builder professional, to explore what succession planning actually looks like for family businesses.  Bob shares what owners need to understand to protect the value of their business and the legacy behind it. This conversation goes beyond theory.  Through real-world scenarios, emotional dynamics, and practical steps, Todd and Bob discuss what owners can do right now, before they're forced to, or before it's too late.