Every family business must have a boss

Every family business must have a boss. The family business owner should consider designating an individual in the business to be the final decision maker after the owner relinquishes the managerial rains. Feelings are likely to be hurt by the selection, but this step should be taken. Solutions that call for sharing of power, equal multiple partnerships, cope presidencies, rotating the presidency – mostly naïve fantasies. In my experience. A family business can have only one leader.

— from The Instruments (Awareness/Perception/Expectations) · Succeeding Generations by Ivan Lansberg

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