Only one-third of family businesses make it to the next generation. What are you doing today to help your family business last?
In this episode, David Lenok, senior editor at WealthManagement.com, has the pleasure of speaking with Mitzi Perdue, a businesswoman, author, and professional public speaker. Mitzi is also the daughter of Sheraton Hotel’s co-founders and wife to the late Chicken icon Frank Perdue. Now, Mitzi shares advice on how to develop a family culture that supports keeping the business in the family.
In this episode, you will learn:
- What advisors need to focus on to encourage long-term family business success
- Why Mitzi recommends hosting endowed family vacations
- The purpose of an ethical will
- Tips for creating an inclusive family culture
- And more!
Tune in now for this heartwarming conversation that’s filled with practical advice on how to develop your family’s culture.