Successfully Transferring Ownership and Accountability: Necessary Discussions to Consider

NSRA’s Next Generation Leadership Program (NextGen) is designed to help independently owned shoe stores transition from one generation to the next. The NextGen Program held prior to the Atlanta Shoe Market in January 2024, focused on preparing the NextGens for important conversations with their NowGens about the succession process. Succession can refer to many transitions including ownership and/or management. Oftentimes in family businesses, those transitions should – but may not – go hand in hand, causing significant issues for everyone involved and risking the successful transition that family firms dream about. The workshop addressed strategies to minimize this frequent disconnect.