Why is Succession Hard?
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Why is Succession Hard?
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Succession planning is one of the toughest challenges construction and contracting business owners face — especially when family is involved.
In this episode, Dominic Rubino is joined by Josh Baron, Harvard Business School professor and family business expert, to break down why succession is so hard and what successful transitions actually require.
In this episode, you'll learn:
• Why founders struggle to let go of the business
• The ARC of Succession: Assets, Roles, and Capabilities
• How unclear ownership and leadership cause conflict
• Why family governance matters in contracting businesses
• How to prepare the next generation for long-term success
This episode is essential listening for contractors thinking about retirement, selling their company, or passing the business to family.
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