#AGLEGACY #FarmSuccession #EstatePlanning
Factors most important to the longevity of the family business also relate to sharing power.
See: AGLEGECY.org > Modules
POWER can equate to influence. In this case, influence on the family business. Is it possible to share power or influence over a business?
The concepts that families use to empower children can also apply to families looking for ways to prepare the next generation to take over leadership:
* Respect me: Take family members seriously
* Include me: Involve them in decision making
* Collaborate: Work together to solve problems
* Let me lead: Create opportunities for the next generation to take the lead on projects.
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