Ensuring a family business legacy

Every family member must confront the reality of succession planning in a family-owned enterprise, no matter how difficult it is.

A succession plan requires time and resources to prepare, as well as the commitment and cooperation of all family members.

Sooner or later, the founder, for whatever reason, would have to eventually pass on the leadership.

Who will lead next? Will it be a younger member of the family or someone outside the family? These are issues that need to be addressed without procrastination to avoid feuds and for the family business to thrive.

A leading family business coach in Southeast Asia, Prof. Enrique Soriano, can help enterprises go through the whole process of successful succession planning in a seminar-workshop on May 18, Friday, from 9:30 a.m. to 4 p.m. at the Hotel Elizabeth in Cebu City.

The P6,900-per-participant seminar fee covers materials, snacks and lunch and applicable taxes.

Soriano offers family business owners and entrepreneurs many take-home values from select cases of succession planning, which they can apply to their family businesses. He will present and discuss the succession planning of family businesses that succeeded and other companies’ that failed.

To reserve seats, call (032) 564 2824 (Cebu) or 0923-182-72018 and look for Anther or Charisse. You may also email wbcebu@ wongadvisory.com /