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Mitchell Kaneff, 3rd Generation CEO of Arkay Packaging, joins today's Insights Live Broadcast! Hosted by Kevin Cushing, CEO of AlphaGraphics, and Jay Cooper, we'll explore the practical issues for both current ownership and incoming generations.
Mitchell Kaneff (www.mitchellkaneff.com) is the author of "Taking Over - Insider Tips from a Third-Generation CEO". Mitchell had an interest in the business from a early age and became the natural next-generation succession choice. After being schooled in the business and "paying his dues" for many years, he began leading the company as CEO. Right away some problems surfaced with his father stepping in from time to time - a problem Mitchell characterizes as "having two quarterbacks on the field - where's the ball coming from?".
Hear how Mitchell "fired" his father (Really!) and how that made immediate very positive impacts on his and his father's relationship (it's the best yet, and that's saying a lot!) and the health of the company (continued growth and market share).
The odds are against multi-generation business success! While 80 - 90% of all U.S. businesses are family owned, and account for 60% of all wages paid, and 78% of new jobs, very few such businesses survive past the first generation! Only 40% survive to the 2nd generation, only 12% to the third, and just 3% to the fourth! Mitchell will give you some practical action steps to avoid this happening to you and your family.
Join the broadcast and help shape the conversation by getting your voice heard!
Twitter: aginsightslive Email: firstname.lastname@example.org, or call in to talk to Mitchell at 877-483-3160 - enter "1".
We'll see YOU on the AIR!
It's good to talk.