Who Should Take Over Your Family Business? How to Answer the Most Critical Succession Question
Family business succession planning often fails not because of poor financial planning or inadequate legal structures, but because business owners make dangerous assumptions about a deceptively simple question: Who should take over?
After guiding hundreds of family businesses through successful transitions over 30+ years, I’ve learned that “the who” is actually two distinct questions disguised as one—and understanding the difference can mean the difference between a successful transition and one that tears your family apart.