Next Generation Institute

Jim Perry (right) pictured with his son, Luke (left) looking at construction plan on desk, at their business.
The Next Generation Institute sparked communication between me and my son, Luke. It helped him develop an awareness of how challenging it is to be an owner and we both learned how to avoid some really big mistakes that can be made during a business transition.

Jim Perry, Perry Contracting

Your legacy, their future 

What if you could speak to your family — your next generation — with complete candor, helping them finally understand what it means to turn over the business you founded, or were the steward of, over so many years of your life?

Could you begin to visualize and plan for your next chapter? Are you ready for that?

And what if you were a potential successor to that business? Filled with ambition one day, reluctance and unanswered questions the next? Can you talk to your family about these matters? Who has the answers? Who knows the questions you don’t yet know to ask? 

We do. Begin your succession journey with us.

Who should participate and why?

The Next Generation Institute® is for owners and leaders of family businesses, their successors, and other family members who may or may not work in or have ownership interest in the business. They come to tackle the tough questions together, have difficult conversations, and gain a holistic perspective on the succession journey. We shine a light on the issues they could not anticipate in a caring, supportive environment.

Next Generation Institute is a registered trademark of the Goering Center. 

What should you expect?

Local experts, supported by seasoned facilitators and family guides, will educate you on the Goering Center’s 8 steps to a seamless transition of value and control:

  1. Principles of Succession
  2. Foundation of a Successful Transition
  3. Forming the Team
  4. Goals, Expectations & Contingency Planning
  5. Strategic Planning & Management
  6. Valuation & Financing   
  7. Optimizing Legal & Tax Structures
  8. Developing & Communicating the Plan

Core presenters & guest speakers

Core presenters
Sessions are conducted by experts in law, transition planning, valuation, tax, accounting and finance, contingency planning, communication and the dynamics of families in business together.

Guest speakers
We feature guest speakers from regional family businesses who want to share their succession experience.

Facilitators & family guides
Volunteers support each family, making the program content relevant and actionable.

Registration information

When: Sessions are held monthly, beginning in November and concluding in June.

Contact: Steve McLemore, Engagement Director
Phone: 513.556.7409, email: steve.mclemore@uc.edu