Chapter 7 How to Prepare G1 for Succession
Late in Phase 3 and certainly in Phase 4 (see Chapter 2), the Founding Generation must start the process of thinking, talking, and acting upon their – inevitable – succession. Both the ownership succession and the management succession are crucial for the survival of the family@business.
John and Annie
John, a businessman of 57 years old, is sitting in his home office on a Saturday morning. Tired after a week of travel, negotiations, big decisions, and in general lots of hard work and stress, he tries to relax. His thoughts go to all that happened in the last 30 years: how he got married and right afterward started his construction software business on a very small scale, ...
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