Less than a third of family businesses transition successfully to the third generation. 70% fail or are sold.
Not quite 10% continue as active privately held companies for the third generation to manage.
It is our nature to think that a family business transition can be navigated by the founder and family without outside help (interference?).
Families are complicated, people are complicated, and business is complicated. Combining personal, family and business decision making is exponentially complicated. Continue reading “Secrets Of Family Business Transition”