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. Next-Generation 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.