Whilst Malta continues to emphasise the need for family business succession planning, oftentimes it may not be the best option…
An extract from “Letting go is hard to do”:
The results show that family succession as the exit strategy is associated with greater mental difficulty. A possible explanation for the unexpected result is that:
—-> incumbent entrepreneurs have doubts concerning their ability to let go when the firm remains within the family, or that
—-> close knowledge of the potential successors increases rather than decreases worry 🤔
Family succession and the mental stress it causes
idisav 