When it comes to running a family business, one of the hardest transitions is passing the torch to the next generation. Many founders wrestle with the reality that their successors might not share the same drive or passion. Ultimately, people are the cornerstone of any business transition. Read the blog to hear how leaders can make the people in a family business feel valued and heard by offering meaningful support and success.
Notable Moments
00:57 The Myth of Third Generation Business Decline
03:30 Inheriting Without Passion's Impacts Company Success
09:08 Generational Trends and Values Evolve
11:04 Prioritize Building Relationships Over Immediate Changes
14:29 Focus on Hiring, Training, and Treating People Right
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