What is the Center?
The Center serves as a venue for owners and managers
to learn strategies for coping with the unique challenges of being part
of a family operated business.
The Center's mission is "fostering continuity
of family and closely held businesses." The Center's primary objective
is helping owners and family members develop the skills and knowledge
to facilitate an orderly transfer of the leadership and control of the
family business to the next generation.
Studies have shown that 2 out of 3 family businesses
fail to make it to the 3rd generation, and 6 out of 7 fail to make it
past the 3rd generation -- primarily due to lack of succession planning.