Sneha, very important question, you have raised here. Whole change process starts by understanding the importance of relationship plays in family businesses and their intent to make it profession set up.

I have personally experienced, all the family managed businesses wants to be transformed professionally and they talk a lot on this but they have always a fear in their mind related with the changes in terms of loosing control on the business, breaking personal relationships among different stakeholders, according trust to very few old timers etc.

Inherent fear of loosing control, lack of trust, limited opportunity given to new incumbent coming out of family makes it very difficulty for others to take the charge and ownership and here is the beauty of family business.