Can you paint a picture for the next generation for the next 50 years with respect to employment opportunities, management and ownership? In many non-family businesses the trajectory for an employee is clear. When you start at the company you have a good idea of what you need to do to move up the...Read more
Family Business Succession: Managing the All Important Family ComponentSo 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...