Thriving or Trapped In a Family Business?

About this Webinar

Years before HBO’s Succession became a popular and acclaimed series, children/siblings born into family firms faced all the same challenges that plague Succession’s next gens (Connor, Kendall, Roman, and Shiv):

• They are torn between family obligations and personal goals (and power)
• They lack an understanding of the impact of perceptions of them as “Nepo babies”
• They fail to develop skills that would make them employable outside of the family firm
• They suffer from a higher rate of substance abuse than the general population
• They possess fundamental insecurities about their value to, and place in, the world

These incredibly common problems are often ignored completely or seen as part of the “normal” dynamics of family businesses.

Thus, family members are brought into the business, or remain there, despite a lack of skills, interest, valuable experience, motivation, or simply a really poor fit between the family business and the family member. 

As we are seeing play out fictionally on HBO, family members who don’t have an independent sense of self-esteem and self-regard can be ticking time bombs; ones that impacts their own mental health, relationships, as 
well as the success of the business. While Succession makes for compelling TV, this issue alone can lead to years of overwhelming stress, conflict, addiction, and worse.
This program is designed for those to wish to gain insight into this often-overlooked dynamic, as well as those 
who are actively working through such situations. Family business leaders can learn key strategies to avoid “trapping” family members, and to manage those who are already there.

Who Should Attend/Target Audience

Family business owners & members, as well as their advisors, coaches, and consultants

Duration
50 minutes, including Q&A

Learning Objectives
At the end of this program, participants will be able to:

a) Understand how family members become trapped in family firms
b) Define and identify “emotional handcuffs”
c) Recognize workplace behaviors tied to this predicament 
d) Initiate a discussion with clients around this emotionally complex topic
e) Identify and consider resources to assist clients