Ep. 123 - Secrets to Business Leadership, Succession and Work-Life Balance
Thriving in Tandem: The podcast for married entrepreneurs
English - October 27, 2022 06:35 - 50 minutes - 58 MB - ★★★★★ - 2 ratingsEntrepreneurship Business Society & Culture Relationships familybusiness business couplesinbusiness entrepreneurship marriage powercouples relationship smallbusiness Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Succession in business isn’t often done or done well. If you look at the statistics, only 30% of first generation businesses transition to the second. Why is the success rate so low? There are a number of factors but one of the top reasons is the fear of letting go. You’ve created this baby so the idea of someone else running the business is hard. Especially because the next person may not run it EXACTLY like you do.
So what are the keys to success for business succession? That’s just one topic of many that we explore with the power couple team of Mike and Amber Sipple. Mike has not only taken on the role of his dad’s company Centennial inc. but he’s also preparing for his own successor.
But wait, there’s more. Mike and Amber have been married 18 years, with three kids and oversee four businesses together. So the natural question we have for a couple that is that busy is, how do you balance it all? A great interview that all entrepreneurs need to hear.