Tag: family business succession planning

How to Let Your Child Lead the Family Business When You Disagree

Handing over a family business doesn't mean agreeing with every decision. Here are five ways to support your successor without undermining their authority. You handed over the business to your child, Read more

The “Perfect Successor” Is a Myth: What Family Businesses Should Look for Instead

Research suggests that education, experience, confidence, personality, and motivation can all shape family business succession. But none offers a shortcut to finding the ideal next leader. Succession Read more

Multigenerational Consulting Teams Bring Wisdom and Fresh Insights

Many family businesses facing a leadership transition to the next generation turn to advisors to help them create a plan and work through their differences. Multigenerational advisory teams can help. Read more

Selling the Family Business? Prepare the Family for What Comes Next

A business sale changes more than ownership. Families must also rethink governance, roles, wealth, identity, and purpose after the company is gone. A family signs the sale of the company it built Read more

How Family Business Succession Shapes Innovation in the Next Generation

Research on 16 family businesses reveals why some successors build on the previous generation’s innovations while others rarely or never innovate. EDITOR'S NOTE: This article was produced in Read more

Build a Family Governance Talent Pipeline Before You Need One

Don’t wait for a vacancy. Prepare family members now — through education, mentoring, clear expectations, and hands-on experience — to serve on boards, family councils, and committees. Family Read more

Founder Succession: Six Lessons From 15 CEOs Who Actually Lived It

What happens after the founder steps aside? Interviews with successor CEOs reveal the emotional, organizational, and family dynamics that determine whether leadership transitions succeed—or stall. Read more

The Biggest Risk to Family Wealth Isn't Investment Performance—It's Succession

Family offices excel at managing money but often overlook the greatest threat to multigenerational success: poorly planned succession. Here's how they can help. Family offices have gained increasing Read more

Give Future Leaders Exposure to Critical Roles

A job rotation program gives next-gens both hands-on experience and a working knowledge of different departments and important outside relationships. A family business’s future leaders may have Read more

New Family Business CEOs Must Claim the Seat, Not Just Inherit the Title

When a successor becomes CEO, the title may change overnight — but authority, identity, and trust do not. Next-generation leaders must act like the CEO before they feel like one. A successor takes Read more