
In this episode, Richard Bryant, Dan Prisciotta, Shawn Barberis, and Dianna Parker join host Michael Palumbos to break down the $84 trillion generational wealth transfer and why most family business succession plans fail—not because of a lack of planning, but because leadership, ownership, and family dynamics aren't fully aligned. They explore what's really behind the phrase "we're not ready yet," how communication gaps and small disconnects build over time, and why even well-intentioned plans fall apart without coordination. The conversation also introduces the Family Business Flywheel, a framework for aligning strategy, leadership, and family dynamics into a system that supports long-term continuity. They also discuss the challenges of preparing the next generation, what happens when expectations don't match reality, and what family businesses can do now to create a more aligned and successful transition.
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