Myth or Reality? Do Family Businesses Really Fail After the Third Generation?
Family-owned businesses have been a crucial part of the global economy for hundreds of years, from local shops to large corporations. And the myth that family businesses are bound to fail after the third generation has led to panic as the next era starts to take over. The fear behind this fable can guide a […]
How Do You Plan for the Unexpected Death of a Family Leader
Death and loss in a family are already difficult circumstances to navigate and adding business into the equation only heightens already fragile emotions. Though difficult, preemptively having conversations about family business planning in the case of a death, especially for a family business, will prevent a disorderly succession. Mourning a loss can be heavy and, […]