Transgenerational Entrepreneurship

Transgenerational Entrepreneurship refers to the process where family businesses are passed down from one generation to the next. It involves not only transferring ownership but also maintaining and evolving the entrepreneurial spirit, skills, and values. This continuity helps preserve the company’s legacy, adapt to changing markets, and foster innovation across generations. Essentially, it’s about nurturing entrepreneurship within a family over time, ensuring the business remains viable, competitive, and aligned with the family's vision through successive generations.