The Box

LISTEN: Handing on to the Next Generation

Written by Ben Law - The Financial Bloke | Jun 28, 2022 11:45:00 PM

A family business is a great way to build intergenerational wealth but by nature, they’re a bloody tricky beast. We have all heard the horror stories of families that had built successful intergenerational businesses only to deteriorate into squabbles and eventually total breakdown.

Not only is all that wealth squandered, but opportunities for future generations are lost, and family relationships are permanently damaged. It is rarely due to a one-off event. More often it is owing to a series of cascading incidents over the very long term and through the generations. But there are success stories out there and what we often forget is that they faced the exact same issues that all family businesses face.

Sarah Becker is our guest in today's podcast and she is one of the young, smart, and driven success stories. She is well known and actively involved in the rural community, she’s a Mum to an energetic young boy, she is a Chartered Accountant, a trusted adviser to many successful rural families and she is a significant part of the family grazing business and accounting practice based in Central Queensland.

If you’re involved in a family farm or business or have kids that have come back or want to come back and join the family business, you need to hear what Sarah has to say today.

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