PODCAST: Unmasking the Potential of Your Next Gen

Recently, we joined the Disruptive Successor Show, a podcast for next-generation leaders in family businesses and entrepreneurs who are determined to disrupt the status quo. In this episode, our co-founder Doug Gray, Ph.D. explored effective tools designed to support leadership development and succession planning in family businesses.

If you are a family business leader yourself or an advisor in the space, you know that family businesses and their next-generation leaders face unique and pressing needs. Older generations often experience sleepless nights due to fear of failure and uncertainty surrounding succession and continuity planning. On the other hand, next gens, regardless of family or non-family affiliation, struggle to showcase their capabilities and establish themselves as successors.

The emotional dynamics and historical baggage within family businesses often hinder effective exchange of feedback.

Recognizing these challenges, our co-founders Doug Gray and Kent Rhodes from the Family Business Consulting Group, created an assessment that addresses these specific concerns from both a quantitative and qualitative perspective.

Quantitative assessments capture numerical ratings on a scale of one to five or one to ten, providing an objective evaluation of an individual's leadership potential within a family organization. Qualitative assessments, on the other hand, delve into the comments and feedback that can be more challenging to express within family businesses.

Assess Next Gen is not limited to family businesses alone. It can be applied to any business with succession planning needs and a desire to foster leadership development. Non-family members often outnumber family members in these assessments, making it applicable to a wide range of leadership scenarios.

This tool has received significant interest from various sectors, including family businesses, wealth advisors, estate attorneys, and banks. By offering valuable feedback and enhancing communication, we have been able to facilitate the growth and success of both individuals and organizations. 

Advisors, learn more here.

Family business leaders, learn more here.