In many cases, it almost always starts when a key business leader dies. The death of a founder can disrupt the very foundations of the business and the institutions where the lives of employees and the many stakeholders depend on.
“All other things being equal, my children should be more highly motivated than a professional manager because of their substantial stake in the ownership of the company.”
When you put all these issues together, there is really one culprit that creates most of the problems afflicting family owning businesses today, and without a doubt, that is you.
When you sense these dangers in your family business, do something now. These are worrying signs that the company may be heading towards a turbulent phase.
