Yes, and the family is usually better off when someone finally says it out loud. Kris Kluver, in The Dysfunctional Family Office, has Tim Mitchell ask the question his older siblings were afraid to. Would it be bad if none of us wanted it. The room tenses immediately. The honest answer is that not wanting the business is a legitimate position, often a healthier one than dragging a reluctant heir into a role that doesn't fit. The challenge is that the wealth, the legacy, and the founder's identity feel tied to having an heir take over. Those are real considerations. They shouldn't override the actual fit of the people involved. Many families ultimately sell, professionalize the management, or find a non-family operator. The conversation requires someone to ask the question first.
Would it be okay if none of us actually wanted to take over the family business?
From: Ch 7: What the Next Generation Isn't Saying
Also asked
- what if no heir wants the family business
- is it okay to walk away from the family company
- none of us want it but the money and the legacy and Dad's identity make it impossible to say so