Setting the table
Succession planning strategies for family business legacies
From passing dishes to passing on a legacy. Informed by survey data from 300 family business leaders, our three-part series helps family businesses set the table for a smooth leadership transition, ensuring their enterprise is sustained for years to come.
A recipe for continuity
At a family dinner, you pass the dishes. In a family business, you pass on a legacy. While leaders understand this intellectually, the process of choosing a successor remains a difficult and deeply personal topic. It demands preparation, trust, and the courage to let go—no small feat for founders who’ve spent a lifetime building the enterprise.
A succession plan, or lack thereof, can be the deciding factor between continuity or chaos during a leadership transition, as lack of a clear plan puts the company’s stability and family harmony at risk.
Your three-part guide to succession
This series provides a practical recipe to embrace the stewardship mentality, helping your family enterprise assemble the right ingredients to protect both your family’s legacy and your business’s future.
“... Leaders that embrace a ‘stewardship mentality’—one where they consider themselves caretakers of the organization...may be more successful in getting the topic of succession to its rightful place on the to-do list.”
— Wendy Diamond, Partner, Deloitte Tax LLP
Laura Pearson
Wendy Diamond
