#AGLEGACY #FarmSuccession #EstatePlanning
Factors most important to the longevity of the family business also relate to sharing power.
See AGLEGACY.org
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.