This final paper describes the process of generational transition in family businesses and plans for the growth and development of the family business with the arrival of a new generation of family leaders. After clarifying the specific form of entrepreneurship family entrepreneurship and its peculiarities, emphasis is placed on the process of generational transition and the influence of family and business factors on the most vulnerable phase of the development of a family business. The paper also shows the influence of managerial strategies on the development of family businesses with the arrival of a new generation and how it is harmonized with family and business goals. The theoretical framework is applied to the selected family business through the description of the history of its development, the presentation of the organizational structure and culture of the company, the business successes of the company under the leadership of the founder of the company, and the reasons that led to the necessity of the transition. By means of an extensive structured interview with one of the leading persons of the company and other stakeholders connected with the company and the generational transition, which greatly influenced the further development of the family business after the departure of the founder, a real insight was obtained into the overall business of the company after the transition and the challenges of the younger generation, but also entire business family during the process. In conclusion, considerations and recommendations were presented based on theoretical facts and an observed example from practice with the aim of a more successful continuation of the business of the family business in the future and the continuation of business guided by the values established by the founder.