It often happens that a leader takes their business and their methods to run it quite personally, not allowing for growth or input of fresh ideas. They might have a distorted view of the self, and their abilities to manage it. Because the business has been successful in its initial stages, it seems natural for them to run it in a similar way going forward. Therefore, they are quite reluctant towards any kind of advice or related service. There is also a fear of staying relevant, which is the anxiety built around losing control or status in one's own firm. However, being a leader means being susceptible to change, new technology and innovation. Advisory services can be an essential resource for family businesses looking to overcome challenges and capitalize on opportunities.
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Family Business Labs
"The Successor's Paradox"
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