The process of preparing a family successor for leadership in the family business often takes

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The process of preparing a family successor for leadership in the family business often takes a decade or longer. This is because it involves a comprehensive development plan that includes education, mentorship, on-the-job training, and exposure to all aspects of the business. It also takes time for the successor to gain the necessary experience and expertise to handle the complexities of running a family enterprise.

The Process of Preparing a Family Successor for Leadership in the Family