The biggest challenge is that patriarchs or matriarchs don’t want to give up control. The best example I have ever learned of that is my own family.

My grandfather started a business in 1934. He died when he was 71 in 1971. My father took over the business. He was, before my grandfather died, a glorified clerk. He didn’t understand the business, didn’t know what to do, how to run it. So, he decided when he took over that he was gonna make it bigger and better than his father, and he grew the business tremendously, but he also did not understand how the world was changing. And so, 13 years later, the business went under.

If he had been taught by his father better how to run a business, how to understand the differences in trends, I think the business would have survived.