Unsettled Family & Business Relationships

When reflecting on key relationships in your family and family business systems, consider which ones have significant loose ends.

Article: Pope Francis, sensing he is close to death, moves to protect his legacy, politico.edu

Language that inspires:

  • “rushing to tie up loose ends ahead of the battle to succeed him”
  • “intended to ensure that the process plays out according to Francis’s wishes”
  • He may not die now but of course he eventually will,” said one Vatican official. We all die.”

Prompts to Expand Your Thinking: Addressing the Loose Ends

When reflecting on key relationships in your family and family business systems, consider which ones have significant loose ends—issues or topics that remain unsettled or unexplained:

For example:

  1. “I haven’t told my sister that I’m staying away from her family because of the verbal fight I had with her husband after mom’s birthday last year.”
  2. “My father transferred the business leadership role to my younger brother without discussing it with me first, and we’ve never addressed my feelings about being overlooked.”
  3. “I’ve avoided telling my business partner cousin that I’m considering selling my shares in our family company to pursue another opportunity.”
  4. “My aunt doesn’t know that I discovered inconsistencies in the family trust accounts while reviewing documents for the annual meeting.”

Prompt #1

Do you anticipate a succession battle? If so, what might it look like—between specific individuals or family factions?

Prompt #2

What are the advantages and downsides to letting a succession battle unfold within your family business?

Prompt #3

How are you currently influencing the succession process? Are you working behind the scenes or publicly supporting a particular candidate?

Prompt #4

What risks would you face by getting involved after declaring you would remain neutral?

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