Conway Center Featured in 'Succession Stories' Podcast - Conway Center for Family Business

Conway Center Featured in ‘Succession Stories’ Podcast

Conway Center's Jill Hofmans and Mike Schoedinger join Succession Stories Podcast

Laurie Barkman, host of ‘Succession Stories’ was joined by Jill Hofmans, Executive Director of the Conway Center for Family Business, and Michael Schoedinger, President of Schoedinger Funeral and Cremation Service, a 6th generation company, to talk about succession planning from two key standpoints: leadership and financial succession and innovating as a legacy business.

Key Takeaways from ‘succession Story’ Interview

Barkman writes of her most recent Succession Stories interview:

  • “It’s never too early to start succession planning. Succession is going to happen and the process can take 3-7 years to put everything into place.
  • Leadership succession and financial succession are equally important, but totally different from a succession perspective.
  • The succession journey regarding relationships and authority is the hardest part, especially if you have to fire your grandpa.
  • Look for opportunities to innovate when there’s a market opportunity to build upon your legacy business.”

Listen to the full podcast here!

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