When it comes to running a family business, one of the hardest transitions is passing the torch to the next generation. Many founders wrestle with the reality that their successors might not share the same drive or passion. Ultimately, people are the cornerstone of any business transition. Read the blog to hear how leaders can make the people in a family business feel valued and heard by offering meaningful support and success.

Notable Moments

00:57 The Myth of Third Generation Business Decline

03:30 Inheriting Without Passion's Impacts Company Success

09:08 Generational Trends and Values Evolve

11:04 Prioritize Building Relationships Over Immediate Changes

14:29 Focus on Hiring, Training, and Treating People Right

Resources

The Cockerell Academy

About Lee Cockerell

Mainstreet Leader

Jody Maberry

Travel Guidance

Magical Vacation Planners are my preferred travel advisors. Reach out to have them help plan your next vacation. You can reach them at 407-442-2694.