Successful transitions in family business leadership hinge on the current leader’s ability to step down. Yes—preparing the Next Gen to take over is important. But it’s ultimately futile if the current leader refuses to accept the inevitable.
Today, we have a better understanding of why current leaders resist succession. From fears of the unknown to identity crises, leaving the family business—giving up the role of being the leader—is hard. And scary. That’s why it’s important for current leaders to realize that succession isn’t the end of their journey. Instead, succession allows them to transcend to a guiding force for future generations.
Learn how current family business leaders can achieve a lasting legacy in “Departing in Style: How to Successfully Exit Family Business Leadership.” Be sure to read the entire article. It explores the different archetypes family business leaders may embody throughout succession planning.
Read about how current family business leaders can achieve a lasting legacy here.
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