As founder families move to siblings and cousins’ generations, a smooth transition of leadership and ownership becomes critical. Passing the baton to the next generation is a daunting challenge, many a times resulting in family feuds and business failures.
Every owner-family has its unique culture, values, and entrepreneurial DNA. Generational transition is about transferring values and legacy along with leadership, ownership, and decision power to the succeeding generation. Business transition from one to another generation is a journey that requires planning, preparation, and practise.
At Equations, we serve single and multi-generational families and guide them through many challenges including transfer of leadership responsibilities to capable successors. We help our clients develop a suitable transition strategy, address various risk factors, and take decisions in the best interest of the business and the family.