Understand how to prepare your business for generational succession.
You built your small business to last, and with the right plan your business can last for generations to come. A multi-generational business needs to have the right succession plan, and we’ve got the tips to help. Watch digital workshops and get advice from real business owners like you for ways to plan for generational longevity.
Join Lauren Miller, Director of Business Development at Miller3 Consulting, for best practices on succession planning, community reinvestment, and long-term positioning. Plus, see how to transfer small business ownership and responsibility from one generation to the next.
Nate Evans, Jr. is many things: author, speaker, mentor, podcaster, and mental health advocate. To create his own legacy, he knows he has to make a lasting impact. Watch to see the importance of reflection and intentionality in building a multi-generational business that will endure.
Big Mama’s Kitchen has been passed down through four generations of the Barron Family. It grew from a home-based catering business founded by Patricia “Big Mama” Barron, to a brick and mortar recognized by Food Network. See how this family business, with deep community roots in North Omaha’s rich Black history, is solidifying its position in the future of the city.
Whether you’re an experienced executive or just getting started at the helm of an established family business, you need your employees to be part of the process. Learn about four key areas to focus on.
Explore the 7 stages of developing new products and services, as well as several things to consider before you get started.
Focusing on the needs of your community can help small business owners achieve long-term success. Here are three community marketing methods that could help your business resonate and stand out with your local community.
Lauren Miller is the Director of Business Development at Miller3 consulting, a second-generation consulting firm founded by her father. A daughter and granddaughter of entrepreneurs, entrepreneurship and family business is woven into the fabric of Lauren's DNA. But not until Lauren’s father became terminally ill did this reveal itself in a way that ultimately changed her forever.
Taking on the role as her father’s caregiver came with the task of securing his legacy and preparing her and her siblings for his departure. She became a student of her father, learning his business, his life, but most importantly understanding her lineage—a 150-year legacy of entrepreneurship rooted in agriculture. Lauren learned the true meaning of legacy and how each generation has a responsibility to foster opportunity for the next.
These eight foundational themes cover the ins and outs of the small business journey and provide small business resources to help you set the pace for your success.