Your Life and Restaurant
Are you a restaurant owner or leader? Discover a better life, balance and profits. Practical advice to grow yourself and your restaurant so you can lead a more successful and happy life.
Your Life and Restaurant
Growing Into the Business: The Psychology of the First and Second Generation
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Jose Lamas Gonzalez
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Episode 121
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A few episodes ago on the podcast Your Life and Restaurant, I talked about the transition from the first generation to the second in a family business. In this follow-up episode, I explore the psychology behind that transition.
Growing up inside a family business creates a unique dynamic between founders and the next generation. Responsibility doesn’t usually happen overnight, it develops slowly over time as the second generation grows into the role.
In this episode I reflect on:
- The relationship between the first and second generation in family businesses
- Why some children choose to stay in the business while others leave
- How responsibility and leadership develop gradually over time
- What both generations must do for the transition to be successful
Family businesses work best when both generations learn how to evolve their roles while respecting the foundation that was built.
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