Check the stage that applies to you below. For example:
Second-Generation Stage Example: Check below if you answer “yes” to one or more of the diagnosis questions.
Excessive First-Generation Control Of Adult Children
Business-founding parents may wield influence over their adult children’s lives and family business operations for much of the second-generation stage. However, the same entrepreneurialism and drive that contributed to the first generation’s success when they founded the business may now interfere with their ability to hand control over to their children in the second-generation stage.
The second generation often desires to assume greater family and business leadership before parents are ready to share or give up these roles. Often working as a team, members of the second generation tend to initiate the succession process before their parents do and are more likely to seek outside advice about effective transitions.
Over time, the senior generation’s controlling behaviours will shape the culture of the family and the business. Tension, anxiety, and fears that result from these behaviours eventually take their toll, with the result often being less and less enthusiasm by the second generation for the business and for personal family relationships.
Second-Generation Stage Example:
Second-generation siblings/cousins need to join together to plan ways to communicate their concerns to the senior generation. Here are ways to begin:
This exercise takes the personality out of this root cause and its associated silent barriers. It clears the air and sets the stage for managing the feelings that result from the controlling behaviours, and in doing so makes it easier to recommend actions that don’t place blame.
Another way to create a safe environment for this process to unfold is to hire a family business advisor to facilitate and manage this meeting. A skilled facilitator can manage the communication process in a non-emotional way so that the second generation can safely air concerns about parental control and the parents can air their concerns about relinquishing control.