Want to help your business thrive? Quit resisting the change.

Resistance to change is the number one killer of businesses. That’s why most businesses practically trip over themselves trying to onboard the latest technology. 

But the family business is different. Privately owned and run, most family businesses don’t have a board of directors or pressure from shareholders. In many cases, they’ve been successful doing what they do — and how they do it. That success can create a built-in resistance to change. The inflection point usually arrives when the younger generation has graduated to a senior-level position in the company and/or is the eventual successor. Naturally, this generation will push for change in the business to meet the times or get ahead of the curve. This is when the generation gap widens into a gulf, resulting in a standoff. 

But change is necessary for survival. The question isn’t whether a family business should embrace change (they should), the question is how.