Father and Son Update Family Business Succession Success

A family business succession update by two generations of business owners — a father to son third-generation story — will be the topic for Platinum’s next Business Owner Transition Forum on Tuesday, July 14 via Zoom, from 7:30 a.m. to 9:00 a.m.

In 2011, a family business was moving down a path of ownership change from the second to third generation, but there were significant generational differences in expected valuation and timing. What emerged from earnest discussion, negotiation, compromise and love is a success story told by Mike Norman, father, and Matt Norman, son. The 2011 sale of the Dale Carnegie Training franchise in the Upper Midwest from father to son was a shining example of how collaboration and flexibility produce successful generational ownership transfer.

“In these times, we all need a success story,” says Platinum Partner Steve Coleman. “Nine years after the succession, we will hear an update on how the family desire to carry a business into the next generation was a catalyst for compromise that has yielded an abundant harvest. Join us to hear the father’s perspective in 2011, and the son’s reality now.”

Platinum has been offering this breakfast forum as a public service to business owners, leaders and their advisors since 2005. These breakfast stories can be a catalyst to begin courageous steps, especially in today’s new normal. There is no charge to participate — but please REGISTER so we can better facilitate the engagement of our participants.

Join Zoom Meeting on Tuesday, July 14 at 7:30 a.m.:

Meeting ID: 919 0373 2660
Password: 715055
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