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Factors most important to the longevity of the family business also relate to sharing power.
AG LEGACY can help…
Check the AG LEGACY Materials tab at 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.