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Family business succession is never straightforward. It’s not just a transfer of ownership but the challenge of managing overlapping roles as family members, owners, managers, and employees. Without structure, the mix of personal relationships, unspoken expectations, and emotional history can quickly derail even the strongest business.
What You’ll Learn
In this session, we’ll cover:
- The four hats in a family business - family member, employee, owner, and manager - and how to reduce confusion.
- How to balance preserving family wealth and relationships with the need for business renewal.
- Strategies for preparing the next generation, from skills development to structured governance.
- Tools to bring discipline and clarity to emotional family decisions.
Why It Matters
Succession is a process, not a one-time event. Families who plan early and put the right structures in place are far more likely to achieve both long-term business success and family harmony.