Frankenberg Group

    8642 Long Lane,
    Cincinnati, Ohio 45231
      Phone: 513-312-4203

What should the CEO do to prepare his children to eventually succeed him?

Answer:

There is no one right way to prepare children for leadership in a family business. Those who do well as parents seem to know how to teach their children how to love and to work from the time they are quite small. By helping out in small ways around the house, according to their ages and talents, they learn how to express care for the needs of others, and focus on somebody beyond themselves. Talking about the family business at the supper table from time to time, so they know what mom or dad does, taking them for visits, summer jobs under clear supervision can introduce them to the potential. Encouraging them to get a "real job" somewhere else is another great step to take for potential family business leaders.

 

 
You are here: Home Ask the Expert What should the CEO do to prepare his children to eventually succeed him?