Studies have shown that 90 percent of family-owned businesses fail in the 3rd-generation of leadership. Some even refer to this as the “Three Generation Rule.” However, First Supply, a leading main channel distributor for industrial customers and building contractors, is thriving under its fifth-generation CEO and President, Katie Poehling Seymour. So what is the secret to this impressive longevity, dating back to the late 1890s?
In this episode of YG One-on-One, Paul M. Neuberger sits down with Katie Poehling Seymour of First Supply for a deep dive into how a family business stays afloat through constant change in the business and cultural landscape.
YG One on One is hosted by Paul M. Neuberger, Written by FlexScripts, and sponsored by Health Payment Systems.
https://flexscripts.com
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