Should family members work outside the family business before joining? Experts have long recommended that this is the best (and only!) way for the next generation to learn the skills and knowledge required for a job, develop vocational self-confidence, receive honest and objective feedback, and learn what “work” really means. And despite there being no empirical evidence to support this claim, many family businesses require their next generation members – in particular, prospective successors – to work outside anywhere from two to 10 years. But does it make a difference, in the real world, to have the next generation work on the outside? We researched this topic and found some surprising insights.
Astrachan, Joseph; Botero, Isabel C.; Wittmeyer, Carol; and Astrachan, Claudia Binz (2022). "Don't Send Your Kids to Work Outside the Family Business Just Yet!." Family Business.org .
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