Most family members grow up believing ownership is a role to inherit. What they don’t realize is that ownership is a role that must be learned.
Too often, families believe that holding shares and carrying the family name teaches a person everything they need to know about ownership. In reality, ownership requires informed, long-term decisions, balancing the finances with family values, overseeing management, and stewarding the business for future generations. These cannot be inherited. They can only be learned.
Learning, according to Generation 6, is a standing investment rather than something a family scrambles for when a crucial transition ultimately comes to pass.
This article describes what a cross-generational curriculum for ownership looks like in practice.
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