How failure and leaving the family business prepared one founder to lead it

Executive overview

Leaving a family business — and failing elsewhere — can be the exact preparation needed to step up when it matters most. Michael Ungaro, CEO of San Pedro Fish Market, reflects on a pivotal realization: his failures outside the business made him the only person capable of filling a critical leadership gap when it arose.

Leaving and failing elsewhere can be the most useful thing a successor does.

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