A number of exit styles are found in family business leaders. Here are three that people may struggle with:

The Monarch

By definition the Monarch is the head of a family business that stays until forced out. Monarchs cannot stand the thought of handing control over the business they created to someone else, and usually will take the leadership position with them to the grave. Because of an inherent autocratic leadership style, once a Monarch dies, chaos generally follows. A successor is never properly trained because Monarchs feel that no one can be as good as they are.

The Ambassador

This style of leader helps the next generation learn the business first-hand and then eventually manage it. The ambassador then holds onto or assumes diplomatic or representational duties on behalf of the corporation, becoming a spokesman for the business and the new leadership after retiring from the top management position.