In a recent client situation, a thirty-year-old second-generation member of a family-owned business was about to embark on a self-destructive course to take over the sales department of his father’s organization… By having a discussion about expectations for his position and role with his supervisor and the director of sales, the son created a career plan and was able to realize the inappropriateness of his unrealistic expectations. As a result, the son was able to create a realistic career plan that met his goals, the needs of the non-family managers, and his father’s ambitions for his son’s success.
- Tom Hubler, The Soul of the Family Business, p11
How to Eliminate Entitlement
In The Soul of the Family Business, Hubler discusses not just issues of entitlement, but offers explanations of and solutions for his nine other most prevalent obstacles to family business succession planning. Through personal anecdotes, real-world case studies, useful tools and frameworks, and more, Hubler offers a wealth of lessons on succession planning and other common stressors within family businesses. For all of this, pick up The Soul of the Family Business, available in hardcover form on Amazon.com, directly through Itasca Books, or at a bookstore near you. And of course, you can always contact Hubler for Business Families today to set up a free orientation meeting with Thomas Hubler, the expert on family business planning.