Successors often hear some version of the following: “You’re only successful because your father handed everything to you.” Or, “Of course you failed, you had everything handed to you.” It’s called The “Successor’s Curse” As curses are prone to do, the “Successor’s Curse” harms the successors—and the family business.
Andrew Keyt’s blog post, “Understanding the Successor’s Curse,” provides an in-depth examination of this common issue in family business succession.
If you’re a successor struggling to establish your own identity, or if you’re an advisor whose client is frustrated by their successor’s shadow, check out this blog. You’ll come away with the tools to recognize and combat the Successor’s Curse.
Read about how to recognize and combat the Successor’s Curse here.
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