The fault, dear Brutus, is not in our stars, but in ourselves, that we are underlings.
—William Shakespeare, Julius Caesar
To Ace It … You Need to Face It
Experience has shown that a succession planning journey is hard, long, and tedious.
To ensure success, it is expected that all parties concerned, seniors and juniors, play their part and pull their weight.
As mentioned earlier, in family business, what you see is not necessarily what you get. Decades-old skeletons tend to surface when least expected, and historical baggage, assumed to have been discarded, tends to find its way surreptitiously into otherwise peaceful and structured conversations.
It is for these reasons that families engaged in a succession planning journey should be willing ...