When Selling the Family Business is the Best Exit Strategy

Featuring (insert pix) When Selling the Family Business is the Best Exit Strategy Featuring Morrison Stevens, Sr. & Chris Shepler The average life span of a family-owned business is 24 years. About 40% of U.S. family-owned businesses turn into second-generation businesses, approximately 13% are passed down successfully to the third generation, and only 3% to a fourth generation or beyond. Stevens Worldwide Van Lines and Shepler’s Mackinac Island Ferry certainly beat the odds. Stevens Brothers Cartage Co. was founded in 1905, with five generations having owned, led and worked in the business. Shepler’s Ferry was launched by Captain William H. Shepler in 1945, with three generations of ownership and leadership since then. But, things change. During their keynote, Morrison Stevens Sr. and Chris Shepler will relate the history of their family businesses, and the circumstances and factors that made them decide that selling the family business was the best exit strategy. To conclude the presentation, Dan Handley, Regional President and CEO of Dale Carnegie Training, will facilitate a discussion and Q & A.