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Tag Archives: family business successor

How to Establish Leadership Presence in a Family Business

In any business, problems can ensue for those who ascend to leadership positions — but the challenges are much more profound for successor children in family businesses. In particular, establishing authority in the form of leadership presence can be a large mountain to climb. According to Amy Cuddy, author of Presence: Bringing Your Boldest Self to Your Biggest Challenges, people ask themselves two questions when they size up leaders: Can I trust you? Can I respect you? It’s the latter issue — the ability … Read More >

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Family Business Successor Tips: Taking Over the Family Business

Leadership change is always stressful, but it’s multiplied exponentially when it takes place at a family business. Issues of business continuity are certainly at play, but the unique dynamic of maintaining personal relationships is also at the forefront of this difficult transition. Much has been written about how family business owners can best handle the changing of the guard to the next generation, or succession planning, but it’s just as important to focus on successors. These “heir apparents” face challenges that a business school … Read More >

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