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If you have any questions or concerns, please use the contact information provided in this email as this inbox is not monitored for replies.
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Stephanie Larscheid, Executive Director, Prairie Family Business Association, Discusses Next Generation Leadership Challenges in New Family Enterprise USA Video
Ongoing Series, ‘Family Business Stories,’ Prairie Family Business Association Featured in Video Hosted by Family Enterprise USA’s President Pat Soldano
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NextGen family members are increasingly taking on leadership roles in family businesses, but without planning the handover will have its challenges, according to Stephanie Larscheid, Executive Director, Prairie Family Business Association.
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The group, based in Sioux Falls, South Dakota, has 260 members and is a 13-state outreach center of the University of South Dakota Beacom School of Business, with a focus on helping its member families plan for the future.
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In the video, hosted by Pat Soldano, President of Family Enterprise USA and Policy and Taxation Group, both bi-partisan organizations based here advocating for family businesses, Larscheid discusses the future of family businesses, the importance of next generation leadership, and succession planning.
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“The future of family businesses will depend on the ability of family members to work together effectively,” says Larscheid in the video. “We see next generation family members increasingly taking on leadership roles in family businesses and so succession planning is essential for ensuring the long-term success of family businesses,” she says.
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The video is part of series entitled, “Family Business Stories,” presented by Family Enterprise USA to help multi-generational family businesses face several challenges in the 21st century, including globalization, technology, and changing demographics, according to Soldano.
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“Family businesses have a number of opportunities in the 21st century, including the growth of the global economy and the increasing growth of family-owned businesses,” said Soldano about the series. “If you are a family business owner or leader, I encourage you to watch these videos,” she said. “They are a valuable resource that can help prepare for the future of family businesses.”
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Upcoming Events
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August 24: Annual Survey Results, Whittier Trust, Virtual
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September 11-12: University of Cincinnati Annual Gala, Cincinnati, OH
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September 12: “Protecting The Wealth Of Family Businesses In A Volatile Tax Environment”, Virtual
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September 13: Brown and Streza Webinar, "Philanthropic Strategies for Successful Families", Virtual
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Sign-Up For New Podcast: "Voice of Family Business on Capitol Hill" with host Pat Soldano.
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Join our growing family of podcast listeners by clicking on the links below to our new podcast, "The Voice of Family Business on Capitol," where each episode delves into the major issues facing family businesses and family business centers today. Subscribe by clicking on these links, or wherever you get your podcasts.
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We hope you’ve enjoyed this article. While you’re here, we have a small favor to ask…
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As we prepare for what promises to be a pivotal year for America, we’re asking you to consider becoming a supporter.
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The need for fact-based reporting of issues important to family offices and successful individuals and protecting a lifetime of savings has never been greater. Now more than ever, family offices and successful individuals are under fire. That’s why Policy and Taxation Group is passionately working to increase the awareness of issues important to family offices and successful individuals, while continuing to strengthen our presence on Capitol Hill.
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About Policy and Taxation Group
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Policy and Taxation Group is the Voice for Family Offices and Successful Individuals in Washington, DC focused exclusively on the critical tax and economic policies that impact them. Since 1995, PATG has been the leading advocacy group working to reduce and eliminate estate tax, gift tax, and generation skipping transfer tax while blocking increased income tax and capital gains taxes, the creation of a wealth tax, and other hostile tax policies that punish hardworking taxpayers and success.
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Have questions or would like more information about becoming a Supporter or donating? Please contact John Marino at [email protected].
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Policy and Taxation Group Strategic Partner
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