Timestamps:
00:00 – Introduction
1:56 – Four things that happen with family business
4:08 – 5 P’s of succession planning
6:30 – Family business mindset
10:38 – Inside hustle
14:40 – Right way to scale a family business
16:30 – Advice
In this episode of The Maven Show, Rohit Arora, the founder and CEO of Mavenwit, hosts Stephen Shortt, keynote speaker and founder of Successful Succession. He discusses the four things that could happen with the family business if the founder passes away or retires. He goes into detail of the family business mindset and how that can affect your business whether for good or for bad. Stephen also mentions how everyone in the business needs to adapt and take on things in an ever changing world but how to pass on the business to the next generation.
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#familybusiness #successionplanning #scaling