Creating a 'Mini Me'
Do you teach children what you know; or
what they don't know?
Many families have a significant amount of their wealth invested in the family business.
There comes a time when senior family members are considering who will manage the business in the future.
Often there is a decision needs to be made as to whether children are coached to take over from the founders in an operational or executive role.
An alternative is whether they are coached to develop Governance expertise to independent management who are recruited to run the business with day to day responsibility - effectively teaching them wheat they do not know and when to retain specialists and experts to advise and assist..