The lack of family rules is another roadblock to family harmony and business success. A code of conduct that includes how family members need to act, and interact, with others inside and outside of the business. An understanding of what the family will and won't do for business must be a vital part of this code. The family must be on the same page in how each will set a positive example for the family by their example, words and actions. Without this consistency, there becomes a breakdown in direction that causes a breakdown in family relationships and company success.
Another roadblock is just plainly an over-inflated ego. This is identified when certain family members believe they can handle succession on their own. They direct how things will be done, who will play what role and how and when the transfer of ownership will take place. They rarely get input from the other involved generations, and they rarely give any thought to the emotions of the people whose lives they are dictating.
Succession Planning has to be inclusive. It has to be founded in the fact that the family succeeds only if all the family members understand the emotions of one another, support the rules that are in the best interest of the family and are open enough to get the right assistance for the good of the family and not just to fill the needs of one family member. How is your family doing?