Family Business Succession Planning
Family business succession planning is about the transmission of something by someone to someone else. It is also about:
A: Giving and taking, and
B: Building a common project
Going from point A to point B is a journey filled with pitfalls and challenges.
I hear many seniors giving their juniors the following test:
This exercise is for you. We would like you to work with the advisors, and be as forthcoming as possible, for your own good. We will be in the next room. Should you have any questions, just let us know what you want, and we will make sure it happens.
While this attitude is graceful, it does not serve the purpose.
Giving and taking is not about seniors vs. juniors. It is about seniors + juniors. ...