Summary
Joining the family business can be an easy way to start a career. But is it the career you want? And how can you explore new opportunities within the singular business?
In this episode, Mark Dorman speaks with Dr. Michael Klein, President of MK Insights and author of Trapped in the Family Business, on how multigenerational businesses trap family members with the expectation of joining the family business.
Dr. Michael unpacks:
- How do family members become trapped in the family business
- What influence family members have on the next generation’s career path
- Why previous generations need to take a step back from controlling the business
- What current businesses are doing to provide future generations an opportunity for personal growth within and outside of the business
- And more
Resources:
- Finish Big: How Great Entrepreneurs Exit Their Companies on Top by Bo Burlingham
- Trapped in the Family Business by Michael A Klein, PsyD
Connect with Mark Dorman:
LinkedIn: Mark Dorman
Website: Succession Planning & Business Advisory Services | Succession Plus US
Email Mark: mdorman@succession.plus
LinkedIn: Succession Plus USA
Facebook: Succession Plus USA
Call: (330) 350-5410
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