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E45: The Way You Think About Legacy May Be Destroying Your Business

E45: The Way You Think About Legacy May Be Destroying Your Business

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What if the very thing you think is preserving your legacy is actually destroying it?

Drawing from his experience as a fourth-generation leader of a 100-year-old company, Adam Hill reveals why the traditional focus on preservation is creating a "legacy trap" that's dooming families to the three-generation curse.

This isn't just theory. It's hard-won wisdom from someone who watched his own family business nearly collapse under the weight of trying to preserve what was–instead of preparing what could be.

Discover why 70% of family businesses fail to transition to the second generation, how the hero's journey applies to family legacy, and the critical difference between creating mythology versus building a blueprint for the future.

If you're a family business leader worried about succession, this episode will fundamentally shift how you think about preparing the next generation.

0:00 Introduction

6:45 The Legacy Trap That Nearly Destroyed Our Business

9:12 Why 70% of Family Businesses Fail by Generation Two

12:30 Preservation vs. Preparation: The Critical Difference

15:18 The Sacred Cow Problem in Multi-Generational Companies

18:45 Why Value Creation Is the True Foundation of Legacy

21:33 Individual Legacy vs. Collective Legacy

23:20 The Hero's Journey and Family Business Succession

Resources Mentioned:

📚 “The Hero's Journey” by Joseph Campbell: https://a.co/d/64dkfvZ

📧 Contact Adam to request a free 90-minute EOS workshop: adam.hill@eosworldwide.com

Follow Adam:

IG: @theadamchill

YouTube: @adamchill

LinkedIn: https://www.linkedin.com/in/adamchill

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