The process of preparing a successor for leadership in a family business can take more than a decade.

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Succession planning in a family business is a complex and long-term process that involves grooming and developing a family member over several years to take over the leadership of the company. Often, this process can take more than a decade to ensure that the successor has the necessary skills, experience, and vision to lead the business successfully.

The Process of Preparing a Successor for Leadership in a Family