EP 131: No One-Size-Fits-All: Amy Wirtz on Succession Without the Drama

Managing a business is tough enough on its own. But add family dynamics in the mix, and things get even more challenging.

As a strategic advisor at The Family Business Consulting Group, Amy Wirtz shares her expertise on navigating ownership transitions in multigenerational families.

Amy discusses the challenges of balancing family relationships with business goals, offering insights on how to manage both for a successful transition. She also shares tips to help prepare the next generation for leadership to ensure that both the business legacy and family harmony are preserved.

In this episode, you will:

• Learn how to create a clear succession plan 

• Discover strategies for managing conflict within the family

• Understand how generational wealth planning works

Highlights:

(00:00) Meet Amy Wirtz

(02:57) The responsibilities of an exit planner

(07:00) From family law to family business advising

(12:55) Parallel planning for families and businesses

(16:22) Family ownership dynamics

(19:34) How next generations “pay” for family business transfers

(22:19) Navigating complex family communication

(26:29) The biggest problem in ownership transitions

(29:33) What family businesses teach about legacy and long-term thinking

Resources:

For past guests, please visit https://www.defendersofbusinessvalue.com/

Follow Amy:

Connect on LinkedIn: https://www.linkedin.com/in/amywirtzcepa/ 

Email: wirtz@thefbcg.com 

Learn more about The Family Business Consulting Group: https://www.thefbcg.com/ 

Follow Ed:

Connect on LinkedIn: https://www.linkedin.com/in/edmysogland/

Instagram: https://www.instagram.com/defendersofbusinessvalue/

Facebook: https://www.facebook.com/bvdefenders