Multigenerational Management Team

Listen to Karl as he explains how him and his father function as a multigenerational team at work. Every family business is unique in the way in which they choose to integrate the next generation. It is important that when integrated, the rising generation feels a sense of commitment and responsibility to the family business.

In his head, he’s never going to retire. I see more as us working together. We’ve never really talked about succession planning and all that stuff. I guess we’ll deal with it when the time comes. But for now, I see him as a mentor and us as a team, working together to keep things going. (We are) We have access to more information, we’re quicker on our feet because we have access to so much, so it’s a great duo. I think it’s like that in every business, you have to show that your capable of something, he’s not going to give you something, you know, if you mess up it can ruin days and days of work, so his mentality was that if you can sweep a room properly, then I’ll give you something more important to do.