What the HBO drama can teach us about family businesses

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“Succession” centers on the infighting of family members as they battle over who will assume the helm of the huge media conglomerate founded by their domineering father, Logan Roy (Brian Cox).

Running a family small business is tough. Figuring out who will take over when you leave is even tougher. But if you want a terrifying, if entertaining, lesson on what can happen if you don’t plan for the future, tune in to the HBO series, “Succession.”

“Succession” centers on the infighting of family members as they battle over who will assume the helm of the huge media conglomerate founded by their domineering father, Logan Roy (Brian Cox). Patriarch Logan cares more about his business than his family, and he doesn’t trust any of them to be up to the task of taking over from him. So he refuses to plan for his succession.

Now most small business owners don’t have control over huge empires, and I certainly hope your family isn’t as toxic as the uber-rich Roy family. But even small family businesses have to deal with many of the same issues when considering who and when to pass on the company.



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