Preparing the next generation

For multigenerational families, unpacking the family legacy to pass on to the next generation can be an exciting but daunting task, especially if aspects of what defines their “legacy”, and how that should evolve over generations, has not been addressed by the previous generation.

In Preparing the next generation: a family business roadmap, the third report by Family Enterprise Foundation supported by KPMG Family Office, we conduct a deep dive into the perspective of the next generation on transition of the family business and explore strategies to help senior and next generation family members effectively plan for future business transitions.

Key insights include:

• What is top of mind for the next and now generations?
• What is the key to maintaining family harmony and business longevity?
• What has worked well in their succession and transition planning journey?
• What are the roadblocks and pitfalls to avoid along the way?

Download the report for comprehensive research findings. The report also includes key questions and strategies for families to consider developed in collaboration with Family Enterprise Advisors (FEAs) from across Canada.

To learn more or to speak to our professionals about the report findings and your family business, please contact us.