What does a real two-generation transition feel like when you're the one waiting on a timeline?

In this special replay episode, Andrea Carpenter and Elizabeth Ledoux join Family Business Magazine for a live webinar on designing a win-win-win handoff, a transition where the transitioner, the successor, and the business itself all get what matters most to them. They introduce two of TTS's core tools, the Transition Compass (the why, what, who, when, how, and how much) and the Objectives Matrix, and explain why assumptions, not conflict, are usually what derail a family transition.

Then Laurie and Brad Irish-Jones of Irish Family Companies, a fourth-generation family business founded in 1932, join to share their own story from both sides of the table. Laurie, the former CEO, describes what it felt like to be one of five sisters running the business together in their fifties with no clear timeline for who was leaving when. Brad, from the next generation, describes the frustration of deal fatigue, the consultants that didn't work, and what it took for sixteen grandchildren across the family to prepare as a unit before the handoff. Together they discuss what held the family together through the harder conversations, what it actually felt like to let go, and what they would tell any family standing where they once stood.

Zach Needles of Family Business Magazine moderates an extended audience Q&A covering board governance, sibling disagreement over who wants in, and how often a transition plan needs to be revisited once it's built.

If you're a next gen wondering when your family will finally put a date on the calendar, this one is for you.

Website: https://yournextgenfriend.com/

Spotify: https://yournextgenfriend.com/open-spotify

Apple Podcasts: https://yournextgenfriend.com/apple-podcast

Instagram: https://www.instagram.com/yournextgenfriend/

YouTube: https://www.youtube.com/@yournextgenfriend

Andrea on LinkedIn: https://www.linkedin.com/in/andreakcarpenter/

🎙️ Our Sister Show: The Business Transition Roadmap

Hosted by Elizabeth Ledoux, The Business Transition Roadmap is for business owners planning the transition of their company. If you're the generation on the other side of the table, this show is for you.

Spotify: https://spoti.fi/3MxSYA2

Apple Podcasts: https://apple.co/3IhMMux

🎵 Music Credits

Podcast theme music by Transistor.fm.