by Eric Gilboord from his book 'Just Tell Me More'.
You may be fortunate enough to enjoy the opportunities that come out of a family business but some of the same benefits (experience, familiarity, and loyalty) can be garnered from employees and business associates who have expertise and experiences that are different from yours.
Lately, there have been many discussions in the media, around the boardroom table and even the dining room table about succession management. This situation occurs when the younger generation begins to take over the reins of a business and the older generation moves toward a less-involved, coaching type of role.