Selling the Family Business? – The Family Business Podcast, Part Two

In this, the second of a two-part episode, Russ and his guests discuss the considerations and communication strategies involved in a family business deciding to sell their business.

The speakers discuss the importance of understanding one’s skills and talents and how they can translate into new domains, emphasizing the need for careful planning and decision-making, as well as the potential challenges of sudden wealth.

The speakers highlight the value of collaboration and a holistic approach, considering both individual and collective philanthropy, and stress the significance of exploring purpose and impact beyond the sale of the business and the importance of capturing family stories and history.