Passing the torch to someone in your family can be difficult. There are several things you want to try to do when working together as family members. Campbell says one of those is transparency in expectations from both sides. “There needs to be direct communication about what expectations there are, what things need to be done better and what things were maybe done really well,” he says.
Powell says there can be some positive aspects of having a family member be the one stepping into your spot. “I think when you pick a family member as your successor, there is a much higher commitment to making the deal work than when there’s a non-family member,” he says. “There’s very strong commitment on the part of both Clayton and me to make this succession successful.” However, Powell says if a succession doesn’t work, it could also adversely affect the family relationship.
Campbell says not bringing family life into the office is also very important. “Bringing family dynamics or somehow starting to operate with one another as if we were family members, as opposed to co-workers or mentor to mentee, you introduce a lot of complexities into the workplace,” he says. “I think it’s important to remember that, at work, we operate by a different set of rules.”