Family Business: Bump & Beyond
For NextGen Successors to Prepare for their Family Business Futures
Share provocations, invocations , revocations about family businesses that you enjoy. Cartoons, caricatures & metaphors are really welcome!
How do the different stages of ownership, family, business and personal trajectories create forces for & against change!
To what extent is your FB professionalised & how does it measure family, business, competitive, innovation & financial, etc performance
Family Business as 3 circles, Systems, Agents, resource stewards, types, metaphors, paradoxes, cultures, emotional tapestries, genograms!
Evidence how the values & emotions of members of family businesses change in time: parents, in-laws, siblings, managers.
Does your family business have a succession plan? What is it? If not why not? What tensions & dynamics does this create?
"Advice is seldom welcome & those who need it the most like it the least."- Lord Chesterfield The need for business advisory competences?
- Paradox3: Stages & TensionsIn the early days of our company, we didn’t need written rules. Everything was simple: trust, hard work, and family connection guided us. We knew each other so well that things just worked. Decisions were fast, roles were clear, and communication was natural. But now that the company has grown and more family members are involved that informal system is not enough anymore.Today, there are more people, more responsibilities, and more confusion. Sometimes two people think they are in charge of the same task. Other times, no one takes action because they think someone else will do it. Newer family members don’t always understand the “unwritten rules,” and this creates misunderstandings. What used to feel like a warm family space now feels like a messy office with invisible walls. Still, we hesitate to formalize things. We worry that written job descriptions or structured meetings will make us less close. We don’t want to feel like a cold, corporate company. But without structure, we lose both efficiency and clarity. The tension between staying “family-like” and becoming “professional” is something we face every day. I believe we can keep our values and relationships strong while also becoming more organized. Formal systems don’t have to erase trust they can support it. It’s about growing up as a business without losing who we are as a family. But if we stay informal forever, we risk becoming stuck in the past, unable to handle the present or plan for the future.Like
- Paradox1: Snapshots & ViewsIn our family business, we often look at the same company but see very different things. The older generation sees a story of hard work, survival, and legacy. For them, the business is a symbol of what they built over the years something stable and respectable. The younger generation, on the other hand, sees potential, speed, and the need for change. They want to grow, take risks, and modernize. Both sides care deeply about the business, but we frame our thinking based on different life experiences and roles. This gap in perspective becomes clear in meetings. One person focuses on improving product quality, another wants to expand internationally, and someone else brings up unresolved family issues. All of these views are valid, but they don’t always connect. It often feels like we are solving five different puzzles on one table, using pieces from different boxes. Instead of moving forward together, we end up stuck in discussions that go in circles. This difference is not just about age it’s also about mindset. Some of us see the business as an extension of the family. Others see it as a professional organization that needs to compete and evolve. The real challenge is learning how to bring all these views into one shared vision. I believe we need to listen more deeply not just to respond, but to understand. If we continue to act on different views without alignment, we risk pulling the business in opposite directions. But if we learn to see the bigger picture together, we can use our different strengths to move forward as one.Like
- Paradox 5: Board & Performancen our business, the founding generation is still very involved even though they say they want to step back. They attend key meetings, approve final decisions, and give strong opinions on strategy. Their experience is valuable, but it leaves little room for younger leaders to fully grow into their roles. This is not just about control it’s about identity. For the older generation, the company is part of who they are. Letting go is emotional. For the younger generation, this creates a strange kind of leadership. We are expected to act like leaders, but we know we don’t have the final say. We try to show initiative, but often wait for approval. This overlap creates confusion for employees too they don’t always know who to follow. Performance suffers because responsibility is shared, but not clearly divided. We talk about transition, but without action, it becomes a story we repeat instead of a process we follow. Letting go doesn’t mean walking away it means trusting others to lead. It means allowing mistakes, offering guidance when asked, and stepping back when needed. We need to redesign our leadership structure with clear roles and real authority for new leaders. If we don’t, we’ll stay in a cycle of half-transitions and missed opportunities. Leadership is not something you hold forever. It’s something you pass on when the time is right and that time has to be chosen, not just waited for.Like