Passing the Torch Without Blowing Up the Family Business

Succession planning is key to the long-term health of many businesses, especially for the family-owned independent jeweler. There are many delicate factors to consider including timing, method, as well as assuming leadership while maintaining a positive relationship with family and staff. In this podcast, Michael Burpoe on behalf of Ostbye, speaks to retailers, Monteca Confer Beisel (Confers Jewelers), Samantha Tupper (Wink’s Fine Jewelers) and Craig MacBean (Ostbye) about the process, pitfalls and positives of their succession into family businesses and how they are planning to pass the torch to the next generation.