E35: Preparing the Next Generation for Family Business Success with Andrea Carpenter

Curious about how to successfully transition a family business while preserving its legacy?  In this episode, Adam chats with Andrea Carpenter, a seasoned expert in family business succession who shares her personal experiences growing up in a family business and the critical role that open communication played in her formation, while exploring how both family business leaders and next-generation members can balance honoring legacy with pursuing their own authentic paths. Whether you're planning to pass your business to the next generation or contemplating other transition options, Andrea's wisdom about creating authentic spaces for rising generations while honoring family legacy will transform how you think about succession.  Discover why it's never too early to start planning your transition and how to ensure everyone in your family business feels valued in the process. 0:00 Introduction 5:26 Transition Strategists: Helping family businesses 10:15 Open communication about family wealth 20:44 Protecting wealth for future generations 25:14 Joining Transition Strategists as a successor 29:49 Framework for succession planning 34:36 When to start transition planning 38:26 The Next Gen Friend: Supporting the next generation 43:53 Creating resources for next generation leaders Resources Mentioned: 📚 It's a Journey - Book by Elizabeth Ledoux  🌐 Instagram: https://www.instagram.com/yournextgenfriend/ 🌐 LinkedIn: https://www.linkedin.com/in/andreashaver/ 🌐 Free Resource! Let's Talk Transition - https://letstalktransition.com/adam 🌐 The Transition Strategists - https://www.transitionstrategists.com/ 🌐 Your Next Gen Friend - https://yournextgenfriend.com/ 🌐 Tiger 21 - Mentioned as a group Andrea's father is part of - ​​https://tiger21.com/ 🌐 GoBundance Women - Mastermind group mentioned https://gobundancewomen.com/ Email: adam.hill@eosworldwide.com Follow Adam: IG: @theadamchill YouTube: @adamchill LinkedIn: https://www.linkedin.com/in/adamchill