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Why is Succession Hard?

Succession planning is one of the toughest challenges construction and contracting business owners face — especially when family is involved. In this episode, Dominic Rubino is joined by Josh Baron, Harvard Business School professor and family business expert, to break down why succession is so hard and what successful transitions actually require. In this episode, you’ll learn: • Why founders struggle to let go of the business • The ARC of Succession: Assets, Roles, and Capabilities • How unclear ownership and leadership cause conflict • Why family governance matters in contracting businesses • How to prepare the next generation for long-term success This episode is essential listening for contractors thinking about retirement, selling their company, or passing the business to family. 👉 Enjoy the episode? Hit LIKE 💬 Share your thoughts in the comments 🔔 Subscribe for weekly cabinet-making and millwork business advice More about Josh Baron: LinkedIn:   / joshbaron   Book: https://hbr.org/2025/09/the-founders-... Company Website: https://banyan.global/ Instagram:   / banyanglobal   YouTube Channel: ‪‪@banyanglobalfba‬ Also check out: Cabinet Maker Profit System: https://www.cabinetmakerprofitsystem.com Profit Toolbelt: https://www.profittoolbelt.com/ Contractor Wealth System: https://www.contractorwealthsystem.com/ DON'T FORGET TO SUBSCRIBE: ‪@profittoolbelt4527‬ ‪@Cabinetmakerprofitsystemcom‬ #craftsmanship #woodshop #millwork #woodshop #tradesbusiness #furnituremaking #customcabinet #cabinetshop #contractorlife