Entrepreneurial alternatives are usually divided into the creation of new enterprise, the purchase of an already existing enterprise, franchises and the succession of businesses. Choosing any alternative brings us a dose of unpredictability and risk, but also the possibility of success. The emphasis in this work is on the succession of family businesses that play an important role in the development of national economies. Conducting the succession process is a demanding process that contains many stages, through which the futuresuccessor must go through in order for the process of transfer of business to be successful. Important elements in the transfer of business are the preparation and introduction of the younger generation into the company, the acquisition of a specific education, the improvement of various skills needed to run the company, and the choice of the right time to transfer the business and provide family support. In this paper will define the succession of businesses with an emphasis on family businesses. We will show the process of inheritance in the case of the Hvar winery "Braće Plančić", and family business on the case of businesses Simplex.