Next Generation Institute is a program to prepare both generations for – and to help you jointly begin – the path to new leadership.   Download Brochure.  Online Enrollment Form

This highly interactive, seven-session forum helps current and successive generations of family business ownership learn invaluable lessons on how to successfully transition their roles.

“What we learned through the Next Generation Institute was critical to our successful transition to the fourth generation.” 

Bob Graeter, Vice President -- Graeter's, Inc.

Side-by-side, with the support of expert facilitators, multiple members of each generation can share and learn:

• How to create a mutual vision for your family business
• The 8 steps of a seamless transition to new leadership and/or ownership
• How a network of advisors and peers in other family firms can be essential
• How an outside board of advisors or directors can be invaluable
• Ways to value your business and finance the ownership transaction
• How to optimize the legal and tax issues that affect transition
• Strategies and techniques to build trust with family, employees and customers

The emotional aspects of transition, and how to prepare for them

For (G1) Owners/Leaders

- How to transition when the time is right
- Including others in decision making
- Contemplating my post-leadership identity

For (G2) Successors

- Assessing my true readiness
- Gaining co-worker and family acceptance
- Enhancing my leadership skills

For (G1&G2) Together

- Navigating valuation, legal and financial issues
- Personal assessment issues

Next Generation Institute sessions are conducted by business experts who have worked with local family firms that have addressed these issues.

Many sessions include local family-business owners who have successfully completed a generational transition. Facilitators divide members into roundtables and help each participant make the program content especially relevant to their family business.

“A lot of our life is in this company. We want to be able to pass it on to the next generation, and NGI has helped set us up for success.”

Denny Denier, President -- Denier Electric

I'm interested!  Online enrollment form.  If you need additional information, please call the Goering Center at 513-556-7185.