6. How to Make Sure Your Kids Are Right for Running Your Business

Passing a company down to your kids can be one of the most rewarding—and most dangerous—decisions you make. In this episode, Dave Nabity walks through the tough questions every family business needs to face. Who’s truly earned the right to lead? What standards are parents holding their kids to? Are the next leaders respected inside and outside the company?

Dave shares the tools and conversations he uses with families to cut through entitlement and get to the heart of succession. The goal isn’t just a smooth handoff of ownership. It’s building a future where the company thrives and the family still wants to sit around the same dinner table.

Key Takeaways:

• Honest assessments set the foundation for a healthy transition
• Leadership in a family business must be earned, not assumed
• External work experience builds discipline and credibility
• Questionnaires reveal blind spots for both parents and kids
• Protecting the family bond is just as important as protecting the business

Connect with Dave:

• Dave Nabity on Facebook
• Dave Nabity on LinkedIn
• Nabity Business Advisors

At Nabity Business Advisors, we help business owners handle the “big picture” issues so they can stay focused on building for the future. Learn more at Nabity.com.