The Importance of Patience and Flexibility in Family Business Transitions

‪@TheFBCG‬ Tom Emigh and Amy Wirtz discuss the importance of patience, flexibility, and communication in family business succession. Next-gen leaders may be eager to step in, while the current generation must navigate their own transition with care.
Key Takeaways:
🔹 Pacing Matters - Transition should be gradual, allowing both generations to adjust and build respect.
🔹 Mutual Patience & Flexibility - Just as next-gen leaders need time to develop, the outgoing generation needs support in stepping back.
🔹 Constructive Change - Change should be purposeful, not just for the sake of innovation or resistance.
🔹 Role Reversal for Growth - Assigning real leadership responsibilities helps next-gen members experience ownership while allowing the current generation to step back.
🔹 Interim Leadership Solutions - A transitional CEO or structured leadership development can ease the generational shift.
By fostering open dialogue and structured learning experiences, families can create a smoother, more successful leadership transition.
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This video is from “Who am I: Helping Next Gen Find their Place in the Family Enterprise.” Watch the entire 1-hour webinar here: • Who am I: Helping Nex...
To learn more about The Family Business Consulting Group's approach to next-gen ownership and leadership development, visit www.thefbcg.com, email [e-mail], or call 773-604-5005.