According to Deloitte, the next generation of family business leaders intend to make changes when they take over:
80% say their leadership style will be different compared to the previous generation
76% say innovation will be one of their top priorities
56% will change the family company's strategy and corporate governance
51% intend to take more risks than their predecessors, but in a more controlled way
Yet, despite the fact that 70% of family business owners want to pass their business on to the next generation, research suggests only 3% will operate beyond the fourth generation.
The miniscule chances of long-term success are largely due to the issues unique to family businesses, which are often wrapped in a tightly woven knot of unspoken plans.
In Disruptive Successor, business coach Jonathan Goldhill offers a proven framework and playbook for unwinding this knot, scaling up your business, or planning your exit.