Succession Planning Strategies for Small Family-Owned Businesses

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The book explores the challenges faced by family-owned businesses in the southeastern United States regarding succession planning. It highlights the loss of skilled midlevel leaders due to inadequate training for future senior roles, which can jeopardize business continuity and community employment. Utilizing a transformational leadership framework, the study examines the strategies employed by small business owners to cultivate the next generation of leaders, drawing insights from interviews and leadership training materials.