Choosing A Successor In A Family Business
You already know who should run this business. You've known for a while. What choosing a successor in a family business actually costs you — and why the decision keeps not getting made.
When your sibling won't commit to decisions, the business doesn't stall once — it stalls on repeat. Every hire, every price increase, every product that needed two owners and only got one. Here's what that's actually costing you.
When one sibling wants cash out and the other wants to reinvest, the business doesn't move in either direction — it just pays for the disagreement every quarter. This isn't a money argument. It's a vision argument. And it doesn't resolve itself.
Your sibling is taking money out of the business through draws and trips running through as business expenses. You've said something. Nothing changed. That's not a communication problem. It's a structural one — and only an attorney can fix it.
You already know who should run this business. You've known for a while. What choosing a successor in a family business actually costs you — and why the decision keeps not getting made.