Most founders want to step away from their family business gracefully. But most struggle to. It’s understandable. The next phase is unknown. It’s easier to hang onto what is familiar. The psyche is powerful. There’s a term for it: “psychological succession.”
In “The Power of Psychological Succession” Rob Lachenauer, a family business consultant, explores the art of letting go, setting boundaries, and embracing change to ensure a smooth transition and lasting impact.
Read Rob’s complete article for his personal story of letting go of a leadership role and the lessons he learned along the way.
Read about how to overcome “psychological succession” here.
Become a Member for Your Expertly Curated Advice
Joining the Family Wealth Library means access to the information the legacy builders need to navigate family dynamics and protect our wealth. We can keep what is ours by managing familial challenges and building trust and transparency.