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