How to Identify and Groom Future Leaders

For family businesses owners, the most important decisions they will likely ever make revolve around identifying and grooming future leaders.

As a family business adviser, I have seen more than my fair share of angst occur during the decision-making process over issues such as whether it should be a family or non-family member, who has the right business acumen and personal style, and many more.

When you eliminate all the emotion from the decision, which certainly is quite difficult, it really comes down to whether the next leaders can demonstrate what I call the three Cs: