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Somebody Knows

Feb 20, 2017
By Brian Black
Comments: 2

Categories: Family Business Transition & Succession Solutions

Somebody Knows

I recently had the privilege of facilitating a conference for family business owners from the United States and Canada.  Most of the attendees desired to transition the leadership and ownership of their business to next generation family members.  Yet most of them acknowledged that they are “stuck” – even paralyzed – in developing and implementing that transition plan.

But something transformative occurred in those 2 ½ days.  As each of these men and women shared their transition challenges, and as I and the other attendees offered our experiences in walking through those challenges, a palpable sense of hope emerged in the group.

As we shared our stories, each person understood in new ways that we each live in our own (messy) backstage, but only see the front stage of everyone else’s business.  Family business transition is messy for most everyone.  We are not alone in facing challenges in our business.

Secondly, attendees came to realize that somebody has walked the transition path before and knows the questions that need to be asked, the crucial conversations that need to occur, and the clarity that needs to be developed and communicated to get from where they are to where they want to be.  Somebody knows.

As this group learned, there is hope even in the midst of the most challenging of family business transitions when we realize that we do not need to walk the transition journey on our own (and it IS a journey, not an event) and commit to taking one step toward finding that someone to help us navigate this most important process.  Somebody knows.

comments: 2
  1. Hope and Peace of Mind in the thick of the “storm seasons” of life. We see very similar opportunities to bring these elements to families navigating the aging process with loved ones. Thank you for investing in the strengthening of families in the context of business and for taking time to share here!

  2. Brian,

    Great article. Just a great big note of thanks for all your guidance in our transition. Could not have done it without you. We had settlement & all is transitioned as planned. It still has not hit me! Wanted to keep you updated.

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