Running a family business comes with a special set of challenges. The term “family-owned business” tends to conjure an image of a small-scale, locally run
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Did you know that 30% of family-owned businesses last until the second generation, and only 12% will make it to the third generation? Considering that family-owned
There are 5.5 million family-owned businesses in the US. For many of these businesses, succession planning can be difficult. They are unsure of how to promote new
Did you know that according to one statistic, only 17% of family business owners have been operating for at least 100 years? It’s no secret that
Many family businesses don’t actually have a succession plan. Look at preparing a family business succession plan to protect your family. If you’d like to learn
Most owners will fail to stop and reassess their family business health. They believe that all of their teams will fight and expect nothing less.
When discussing family business stock, you might not be aware of all of your options. Some situations can even prevent transfers from happening, especially following
Many companies spend a lot of effort avoiding conflict in the family business. Which brings us to the question, should you allow these disagreements to
It can feel shocking when some family business owners decide to step down. Other directors may not understand that they don’t have an emotional connection
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