Family Business – Succession

Ideal for entrepreneurs, successors, and leaders of family businesses.

LMost failures in family businesses are due to a lack of well-planned succession — not a lack of market, talent, or capital. When the transition is postponed, improvised, or driven by emotion, the business loses direction and legitimacy. Succession is not an event. It is a strategic process that requires early planning, clear governance, and deliberate leadership development to ensure continuity, stability, and longevity beyond the founder and across generations.

Presenter: Manuel Morales, Jr.

Founder of six family businesses. Board member in four family-owned companies. Author of three books on family entrepreneurship. Professor of the Family Business course at the Metropolitan Campus of the Inter American University, and instructor on the subject at the Puerto Rico CPA Society.

Topics to be covered:

• Succession is an institutional challenge
• Continuity matters more than inheritance
• Leadership is transferred, not inherited
• The founder must learn to let go
• Governance makes succession viable