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| Why They Are Neccessary! "Statistics show that less then 13% of all family owned businesses make it through the third generation." Roger J. Warrum, President |
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| Purpose The purpose of the Family Succession Retreat is to organize the passing of a business from one generation to the next. Roger J. Warrum, President of National Center for Family Business, as facilitator, will deal with the issues of: |
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| Who Should Attend? Family Succession Retreats should be attended by all family members, (involved or uninvolved in the business) who have reached an age of maturity. In-laws are highly encouraged to attend. |
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| How Long Does A Retreat Last? The retreat should last two days. We will start at approximately 9:00 a.m. on the first day and finish about 5:00 p.m. The second day should also start at about 9:00 a.m. and wrap up mid-afternoon, depending on the individual circumstances of that particular family. |
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| Where Should The Retreat Be Held? The retreat should be held away from the business location. Many people choose a hotel or resort away from the work environment. It is important to have a time of relaxed introspection during the evening, accompanied by dinner with the family. |
