Financial Education Center

Transitioning the Business: Building Your Legacy

This article, “Building Your Legacy,” written by Joshua Nacht and originally published in Family Business Magazine, discusses the process in which multi-generational family businesses develop a sustainable legacy.

Educating the Next Generation

Charlie Rhomberg shares how Crescent Electric Supply overcomes the challenges of keeping over 100 shareholders across seven family branches informed and on the same page.

The Inheritance Experience

This article discusses the different experiences of family business wealth inheritors. For some, the experience gives them purpose. For others, wealth is a double-edge sword. Find out how to guide the next generation to find a meaningful path of their own.

Best Practices for Successful Leadership Transitions in Family Businesses

Finding, grooming, and retaining top talent to grow a family-owned business is critical to its long-term success. First Bank’s Chief Executive Officer Shelley Seifert is retiring at the end of the year and Mikel Williamson, an experienced banking executive and First Bank president, will be promoted to CEO. This important transition is bringing executive leadership transitions front and center for First Bank.

Family Business Survey: Our Why and Key Findings

Family businesses are a major economic driving force in America; unfortunately, sparse data, research, and resources for them are available. In addition to the lack of accurate representation of the family business sector, misinformation is often used.

The Truth About Family Business Succession

In this article, “The Truth About Family Business Succession,” written by Dr. Allie Taylor and originally published by Orange Kiwi, LLC, you will discover 10 things owners wish they knew about succession years before they started. Dr. Taylor discusses some of the challenges in succession planning and how to address them