Xero Gravity: Big Wins & Massive Fails

Are you looking to start your next business, or maybe thinking about retirement? Succession planning is the key to making sure your small business journey ends with a ‘happily ever after’. In this episode of Xero Gravity, Dr. Sabine Rau, Professor of Entrepreneurship and Family Business at King’s College London, and Judy Wicks, author and entrepreneur, drop by to share their stories about succession planning with Gene and Elizabeth. Together, Sabine and Judy illuminate the difference between ownership and leadership, discuss issues of family inheritance and show how your key values can be hardwired into a business before sale. Sabine urges small business owners to be very clear about what they’re trying to achieve when looking at succession. “You can't have it all,” she said. “You have to be very clear what you want to achieve.” We find out how you can do it with grace and success.