It’s a shocking statistic, but one that any family-owned business should be aware of: less than half of all family-owned businesses survive into a second generation. And a major reason for this is failure of family-owned businesses to understand the importance of succession planning. The truth is, no matter where your business stands at this […]
The Future of Family Business Leaderships
American family businesses, both small and large, exist within a consistent realm of change. Within both family businesses and corporate companies, American businesses have to endure a stream of unpredictable changes, from losing employees and clients to gaining traction, obtaining new customers and adopting new missions. When goals have been the same for a while, […]
