Senior Leaders: Prepare Early to Let Go of the Business

The transition to the next generation is not only a business challenge but also a deeply personal one for many entrepreneurs. In this article, Dr. Simon Caspary, Prof. Dr. Tom Rüsen, and Prof. Dr. Heiko Kleve examine the psychological aspects of business succession and explore how closely identity and entrepreneurship are often intertwined.

The article highlights why many senior entrepreneurs struggle to let go and discusses the roles of grieving processes, identity loss, and the search for new meaning in this context. It provides practical strategies to prepare early for the handover, actively shaping the transition for a successful succession and a fulfilling new phase of life.

📖 Published at FamilyBusiness.org!