In this episode of Poised for Exit, we talk with Jon Keimig, Executive Director of the University of St. Thomas Family Business Center and a leading voice in multi-generation family business education.

Jon shares what he’s seeing inside today’s family-owned companies and why communication often breaks down between generations. He explains why ownership conversations stall, how assumptions build on both sides, and what families can do to create clarity around roles, expectations, and decision-making. Jon also highlights the surprising research showing how many next-gens don’t even know whether they’re owners, and why that uncertainty creates long-term challenges.

We dig into the real dynamics behind alignment: understanding which decisions belong to the family, which belong to ownership, and which belong to management. Jon walks through simple frameworks families can use to keep conversations focused, reduce conflict, and build confidence in the next generation as they step into leadership or ownership roles.

Finally, we talk about the importance of proactive education, outside advisors, and consistent family meetings to ensure smooth transitions and stronger businesses for generations to come.

Next Steps

• Learn more at: https://stthomas.edu/familybusiness
• Email Jon directly: [email protected]

Connect with Julie Keyes, Keyestrategies LLC
Founder, Consultant, Author, Pod-caster and Instructor