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Who says the family business won't make it to the next generation?

About: Grant Walsh

Grant is a senior consultant for Walsh Family Business Advisory Services. He is working alongside his daughter to offer family business succession planning services to companies in Canada, the United States and abroad.

Recent Posts by Grant Walsh

Family Businesses have a Competitive Advantage!

Family Businesses have a Competitive Advantage!
“The authors argue that the same attributes that have long been vilified as weaknesses of family businesses – stable strategies, clan cultures, lifetime tenures – have actually created formidable competitive advantages for many of these firms…..these family owned businesses not only dominate their markets for twenty years to hundred plus years but did so by...
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Letting Go – Grooming Successors

Letting Go – Grooming Successors
It goes without saying that the long-term success of any business is contingent on having competent management. Family business owners also recognize this key element of long-term survival. Many of them pay particular attention to ensuring that the next generation family managers, leaders and owners have the skill sets required to run the family business....
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Who Says the Family Business Won’t Make it to the Next Generation?

Who Says the Family Business Won’t Make it to the Next Generation?

Family Business Succession: Managing the All Important Family Component

So what is going wrong with family businesses and the succession process? They say that 70% will not make it to the 2nd generation and an alarming 90% won’t make it to the 3rd.  Surely, the owners of family businesses cannot be held...
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