Historically, the strong tradition of the family business going to the eldest child has stood in place of proper succession planning. As generations change, the need for succession planning has become apparent. With only 1/3 of family-owned businesses having a succession plan, the outcomes of a poor or absent succession plan can be dire. During this two-part training, we will discuss the best practices in succession planning, focusing on family-owned businesses. Then we will dive into a robust discussion with family-owned business owners, who have successfully navigated the challenges of succession planning within their company. Genevieve Condon, Director, Talent Strategy and Employee Engagement at NMG Kris Kuester, Director of People Development and Learning at NMG