The Family Biz Show · 2026-04-20 · 1h 2m
You can build a successful business… and still lose the family along the way. Most family business transitions don't fail because of one catastrophic mistake. They fail because of small conversations that never happened. Because leadership wasn't prepared. Because expectations were never aligned. Because no one wanted to ask the hard questions. "What happens when I step away?" "What if my kids don't want the business?" "How do we protect both the company and the relationships?" "Why does every conversation about succession become emotional?" This conversation gives you the answer. In this episode, Michael Palumbos brings together the Family Business Flywheel team for a powerful discussion on the $84 trillion generational wealth transfer now underway - and why family businesses face far more than a financial transition. This conversation explores the hidden risks that threaten multi-generational family businesses: communication breakdowns, leadership gaps, governance failures, liquidity challenges, and unresolved family dynamics.
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